Analysis: Sears should liquidate while it can

Ten-year Sears Holdings SHLD employee Steve Dennis makes an intriguing pitch on his blog on why the retailer should liquidate itself (h/t CNBC).

At the top of his list are the points that Sears longer holds a value proposition and is facing an increasing gap with rivals.

After a few potshots at CEO Eddie Lampert, Dennis notes that even strong brands such as Craftsman and Kenmore are losing more value every day.

"It’s only Sears legacy equity and Lampert’s ability to pick at the carcass that has propped up the corpse, " eulogizes Dennis.

Comments (2)
  • King Rat
    , contributor
    Comments (1845) | Send Message
    Probably a good idea. The last time my mom was in Sears she wanted a $40 kitchen appliance. Nobody was there to help her. There were two male employees in the television section yapping away with each other and a third male employee flirting with two female employees by the washing machines, but between lawn mowers to juicers to beds there was nobody. Another customer tried to get help but got ignored. A third customer decided to walk out with the item which finally got one of the female employees to leave the harem to make an accusation of theft.
    45 minutes later my mom finally got to pay for her appliance and leave. As she left, she saw other customers wandering around looking for help, the re-formation of the harem, and the two television guys talking to each other.


    Then she remembered she wanted to get something in the clothing department. She quickly put the appliance in her car, walked downstairs, and saw the zoo of employees talking to each other complaining about messy customers as well as the customers throwing unwanted clothes on the floor instead of returning them to their rack.


    Sears suffers from two many worse than worthless employees and a terrible demographic of customer, one with little respect for others' property.


    Yet if Sears folds, their terrible employees will get jobs elsewhere and their terrible customers will ruin other stores. God help the USA.
    12 May 2014, 02:34 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11349) | Send Message
    Lampert has blown too many golden opportunities but why would he care?


    ...his home is larger than the malls his stores rot in.
    12 May 2014, 04:09 PM Reply Like
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