ESL Investments, the hedge fund run by Sears Holdings Corp. chairman and CEO Eddie Lampert, has thrown another lifeline to the struggling department store retailer to help raise cash.
Automatic thermostats, cash registers and centrifugal clothes driers. These are among the products imported from China on the U.S. Trade Representatives’ tariff list.
The nation’s retail associations are not happy with the Trump Administration’s announcement of additional tariffs on appliances and other consumer electronics imported from China.
Sears Holdings reported a profit for its fourth quarter, helped by a gain from the new tax bill, and a smaller-than-expected decrease in same-store sales. But its revenues continued to decline.
