Seeking Alpha

Sears decision to move away from Whirlpool backfires

  • A decision by Sears Holdings (SHLD) to shift more appliance products away from Whirlpool (WHR) to feature LG Electronics and Samsung items has had a negative impact on sales and store traffic, according to the WSJ.
  • The department store chain once held a dominant lead over Home Depot and Lowe's for appliance sales, but that lead has crumbled in the last few years. Electronics stores such as Best Buy and Conn's have also chipped away at Sears' market share.
Comments (7)
  • No surprise here. Executive and execution follies for Sears are the norm under Lampert.
    23 Aug 2013, 08:25 AM Reply Like
  • Sears as a retailer is dying a slow, sad death...
    23 Aug 2013, 08:49 AM Reply Like
  • lol thought you were the largest SHLD cheerleader for quite a while
    23 Aug 2013, 03:10 PM Reply Like
  • He keeps shooting himself in the foot, new he's on the other one with precious few toes remaining. While keeping a money guy around to monitor the back end it is foolish to have him or her running the front of the business. That takes a special set of skills and unfortunately Mr. Lampret has not yet found the right person, someone with exceptional marketing and merchandising skills who is also charismatic. I think of folks like Charles Tandy or Lee Iacocca who represent the complete package. This is a bigger than life company requiring a bigger than life Front Person.
    When a company is rated by its own employees and ranked in the top 10 worst companies to work for it is definitely in need of a knight in shining armor.
    23 Aug 2013, 09:35 AM Reply Like
  • when the next economic downturn arrives (and we are due shortly) say good bye to sears retail. retail is a brutal business like tech. Eddie needs to go into panic mode and start rolling out RE cashflow deals before the sudden death spiral begins.
    23 Aug 2013, 11:13 AM Reply Like
  • Hammer, I honestly hope this happens. Take this from someone close to the situation....Eddie is a d**k. Sears needs a fast death, not a slow one.
    10 Sep 2013, 12:28 AM Reply Like
  • "close to the situation" how close? what's eddie waiting for regarding the RE strategy? Sears RE holding 125 properties and brands appears to be bankrupt protected but probably not worth more than current market cap of shld now. i would not short or own this one but have traded it in past.
    10 Sep 2013, 08:28 AM Reply Like
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