You won't find this in Sears' (SHLD -6.5%) dismal earnings report, but it's far more important...

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

You won't find this in Sears' (SHLD -6.5%) dismal earnings report, but it's far more important in the long run: Its stores are dumpy. Retail experts say Sears has spent much less on remodeling and updating its aging stores than competitors such as Macy's and Wal-Mart. While store chains traditionally spend $6-$8/sq. ft. on annual maintenance, Sears spends ~$1.90.