By and  on March 15, 2012

Edward Lampert, chairman of Sears Holdings Corp. and its top shareholder, ESL Investments, have found a way to guarantee shipments by vendors to Sears and Kmart units, even as apparel is being pulled from a small number of Sears stores.

The company said in its annual report, or Form 10-K, filed with the Securities and Exchange Commission on Wednesday, that ESL inked a deal with a financial institution on Jan. 26 to acquire from the unnamed firm a participating interest in certain rights and obligations under “trade receivable put agreements.”

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