Lampert has a severely depleted retailer on his hands. : Sears Holdings (shld)is not being relegated to the dustbin of retail history, at least not yet, thanks to a $5.3 billion offer in bankruptcy court by company chairman Eddie Lampert. Reuters and the Wall Street Journal early on Wednesday reported that the hedge fund manager, and Sears’ former CEO and top shareholder, had won an auction with a deal that will keep 400 stores open and give Lampert ownership of the chain as well as of key assets like Sears’ still well regarded Kenmore and DieHard brands.