The whole saga is an interesting tale of hubris from Eddie Lampert who was a very good hedge fund speculator who thought that would translate into being a good retail store operator but it didn't seem to work out. https://www.forbes.com/sites/michaellewitt/2018/11/07/do-not...
It never seems to pan out. Jack Tramiel, of Commodore fame, burned all his retail partners so many times nobody wanted to carry Atari computers anymore. His 'genius' solution was paying $67m for a chain of malls https://www.nytimes.com/1987/08/25/business/atari-to-acquire... He ended up losing at least twice that amount in less than two years before writing it off.
