Eddie Lampert isn't God after all (SHLD)

Yes, it appears that Billionaire CEO Eddie Lampert isn't god after all.

Here's the news from WSJ:

Sears shares are slumping yet again in the wake of disappointing sales and the retailers’ decision to close 100 to 120 stores. The shuttering of several Sears and K-Mart locations appears to be long overdue, something which the company acknowledged in a press release this morning.

Sears has kept “marginally performing” stores open in the past with hopes that they would recover when the economy picked up again. That recovery hasn’t taken shape, prompting the company to focus on its better stores and perhaps be more active in cutting ties with additional underperformers.

Store closings at its namesake as well as Kmart locations will slash about 5% of its 2,200 full-line stores.

Maybe this is all part of Eddie's master plan though, who knows?

Now it's time for some Sexy Sax Man: