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After giving up a number of stores to rival Nordstrom, Sears (SHLD +0.5%) looks to retrench in...

After giving up a number of stores to rival Nordstrom, Sears (SHLD +0.5%) looks to retrench in Canada with a plan to focus on its bread and butter of appliances and mattresses. The company also plans to lower prices and initiate a looser return policy to lure consumers back. The wildcard in the mix: Eddie Lampert might have his own ideas for his 51% stake in the division.
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Comments (4)
  • The Retired one
    , contributor
    Comments (184) | Send Message
     
    What happened with Sears selling out it's 30% of it's business which is it's mainstay the appliance business?
    This contradicts the Canadian situation or does it?
    Thanks
    23 Oct 2012, 03:33 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4712) | Send Message
     
    Online and retail stores focusing on appliances and mattresses sales as the article says.
    Massive costs will be eliminated from this strategy providing better margins.
    Selling or renting the unwanted properties for cash flow and capital.
    24 Oct 2012, 03:56 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4712) | Send Message
     
    We still have to the end of 2013 to see Lampert's big plan in action.
    24 Oct 2012, 03:58 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4712) | Send Message
     
    I think with the help of Buffett - Microsoft will turn onto a technology holding company.

     

    As we all know Buffett and Gates are good friends.
    28 Oct 2012, 10:07 PM Reply Like
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