Lampert: Retailers must adapt with the times

04/4/2012 | CNBC

The retail scene has changed with the growth of online and mobile options that have been good for consumers but are forcing traditional retailers to adapt, says Sears Holdings Chairman Eddie Lampert. "A lot of businesses will have profitless prosperity and we've got to adapt, and I think that companies like Amazon, eBay, they've turned this into a big opportunity, and we have to be able to compete with them."

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