Insight: Memo to Eddie Lampert: Dump Kmart to save Sears

photo(Reuters) – If hedge fund manager Eddie Lampert wants to save one of the oldest retail empires in the United States, he should consider shutting down Sears Holdings Corp’s Kmart discount chain and focus on revamping its Sears department stores. Such is the advice of half a dozen retail executives and restructuring experts who have watched the company’s sales shrink every year since 2005, when Lampert formed Sears Holdings by combining two of the most iconic American chains in an $11 billion deal. …