Lampert's Shopping Spree
His investments in Sears and Kmart have been hugely lucrative, even with the merged Sears Holdings stock down 25% from its peak.
by Julia Boorstin

(FORTUNE Magazine) - Kmart

January '02 Kmart files for Chapter 11. 2002: Lampert begins buying Kmart debt.

January '03 Lampert's purchases reach $800 MILLION MAY '03 Kmart emerges from bankruptcy. May '03 Lampert's debt converts to equity. He now owns 54% of Kmart. Value of Investment: $1 billion

June '04 Sears agrees to buy 50 stores from Kmart. Value: $3.9 billion

November '04 Kmart announces it is buying Sears. Value: $5.9 billion

Sears

2000: Lampert begins buying Sears stock.

June '03 Lampert discloses that he owns 10% of Sears. Value: $1 billion

June '04 Sears agrees to buy 50 stores from Kmart. Value: $1.1 billion

November '04 Kmart announces it is buying Sears. Value: $1.6 billion

Sears Holdings

March '05 Sears Holdings begins trading. Lampert owns 39%. Value: $8.5 billion

July '05 Stock rockets to $163. Value: $10.5 billion

February '06 Stock is at $121. Value: $7.9 billion 2006 Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.