Sears Holdings (SHLD) Chairman Eddie Lampert's letter to shareholders pitches the case as to why...
Friday, March 1, 9:30 AM ETSears Holdings (SHLD) Chairman Eddie Lampert's letter to shareholders pitches the case as to why the company's retail strategy is ahead of the curve. The exec notes Sears doesn't suffer the operating losses of money-losing stores and isn't penalized by the rating agencies for the accompanying lease expenses tied to store upgrades. He also says that unlike many peers the company is able to generate significant cash from the net inventory invested in the stores.
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