Hedge Funds

Lampert gets an earful from Martha Stewart


As if ongoing restructuring at Sears and Kmart wasn't work enough, ESL Investment's Eddie Lampert is now being lectured by Martha Stewart on how to run his retail stores. Stewart is publicly blasting Lampert over what she calls the "Kmart Gap," arguing that her housewares aren't being given enough shelf space at stores controlled by Lampert and ESL. Neither Lampert nor ESL has taken the bait of a public feud, but the New York Post reports Martha is now threatening to take her line to rival retailer Macy's.