I’ve written about this in the past, and it’s happened again, Eddie Lampert’s Sears Holdings is yet again making money, specifically because they’ve killed thousands of jobs!

Lampert revealed that he is transferring ten Sears stores to mall operator Simon Properties, and Sears Holdings will make $114-million USD as a result of the deal worth $228-million!

Investors also liked the news and sent Sears Holdings’ stock prices up 2%.

Less than two weeks ago Lampert sold an additional 12 stores to General Growth Properties (GGP).  The deal reportedly was worth $330-million!

Sears Holdings also plans to make money by ‘reverse’ leasing their stores.

As well, Eddie Lampert revealed his vulture capitalist holding company generated $2.6-billion in cash during 2014, as a result of shutting down 234 Sears and Kmart stores and eliminating thousands of jobs!

According to the New York Post, in 2005 there were 3,845 Sears and Kmart stores in the U.S.  As of January 2015 there were only 1,725!

New York, Oregon & Pennsylvania losing yet more stores!