After the bell on Wednesday we learned that Sears has hired John Walden, an eight-year veteran manager from Best Buy (NYSE:BBY), to become Chief Customer Officer, with core responsibilities including customer-focused strategies and new business development. Such a move certainly doesn't seem to imply that Lampert and Co. are not focused on the retail operations.
This is not to say that Sears will become Target (NYSE:TGT) or Wal-Mart (NYSE:WMT), because the window for that opportunity has long been closed. However, if they can earn profit margins similar to other large retailers over the next several years, the earnings power of the company will be much higher than it is today.
Disclosure: Long SHLD
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