Edward Lampert Quotes
101 Edward Lampert Quotes
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[In 2012] J. C. Penny is in need of reinvention, Sears is in need of reinvention, Best Buy [is] in need of reinvention. And that means that you’re going to have to try new things. If you’re unwilling to try new things and to fail and learn, you don’t have a shot. That doesn’t mean you are going to be successful, but you have to try to change. I think the same thing is happening in the media business.
Edward Lampert
[On the need for change in retail in 2012] The worlds very different.
Edward Lampert
[In 2012] Companies especially in retail are finding themselves in the need of reinvention.
Edward Lampert
[On companies in industries needing or experiencing change.] People try to figure it out. It’s helpful to figure it out when you’re making a lot of money, if you’re not making a lot of money, your options become much more limited.
Edward Lampert
The hard part is executing…
Edward Lampert
Certain things that seem obvious, aren’t obvious.
Edward Lampert
People are adaptable. Companies are adaptable. You either adapt or you die.
Edward Lampert
What was obvious before, is not obvious now.
Edward Lampert
[In 2013] The most successful guy in retail right now is Jeff Bezos, and he was a [Wall Street] hedge fund guy.
Edward Lampert
[In 2013] I think a lot of times when people talk about merchants it’s almost a nostalgic look back at the time where the world moved at a very different pace and information was very different.
Edward Lampert
Trying to move the volume of products we’re talking about from place to place to get it ultimately into the customer’s hands, to price these things, to market these items…
Edward Lampert
[In 2013] I think the retail business is incredibly complex, but if you get it right, it’s a beautiful thing.
Edward Lampert
[In 2013] It’s never a good time for a transition, but what I would tell you is, five years ago, we put in place a more distributed leadership structure.
Edward Lampert
[In 2013] Despite what people may have said or written, there is a difference between a chairman role and a CEO role, and I’ve never been in the CEO role in this company.
Edward Lampert
[In January 2013] I was very clear why we put these companies together and what our goals were. It was really to allow both Sears and Kmart to compete on what I thought was going to be a more challenging but evolving industry. The framework which was placed upon me and the company was: ‘Ok, this was all about real estate. It’s about selling real estate.’ Then when we didn’t sell real estate, it became: ‘Well, they missed the opportunity in 2006, 2007 to sell the real estate.’
Edward Lampert
[In 2013] I’ve never denied there was substantial real estate value in the company. Suffice it to say that… the most value can be created if we actually transform it.
Edward Lampert
[In 2013 on Kmart and Sears] The most value can be created if we actually transform it.
Edward Lampert
I do think what we've been trying to do at the company has been very clear. If people want to doubt it or put a spin on it, they're entitled to do it. We just have to perform.
Edward Lampert
[In 2013] There’s a very big difference between being a CEO of a company and a shareholder or chairman.
Edward Lampert
In order to do something well… you have to keep practicing and preparing.
Edward Lampert
We’ve got to adapt.
Edward Lampert
Bonus
[On Eddie Lampert] He’s the greatest investor of his generation.
Richard Rainwater
[On Eddie Lampert] Eddie works harder than anyone I’ve ever seen.
Richard Rainwater
I’ve made more money from Eddie than from all the businesses I’ve created and sold.
David Geffen
Eddie doesn’t do things that 99 percent of the hedge fund world does.
Tom Tisch
[On Eddie Lampert] I think he’s a genius.
Marty Whitman
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