I'd really like to see this company make a go of it. If it fails, the impact would be huge. But I can't see where monetizing a one year-old major asset to lease it back is nothing more than a quick cash fix.
Over the years, much has been spent on revamping Sears stores with a different look. Problem- Here's how a Sear store gets remodeled.
"Hoffman says it wants it this way" "Region wants it that way" "District wants it this other way" "The Merchandiser wants it over this way" "The Manager wants it two aisles over" There's so much wasted time and material (and salary) That they could have sold more (and made more profit) if they left the store alone. Nothing justifys Sears Culture.
I can agree in principle to dump the losing stores. All of them- it hurts, but needed to be done 15 years ago. Leave the stores that are amongst "money" (better locations) and dump the rest. Drop the word "Mart"from everything - there already is one.Its a DISCOUNT STORE. When did Walmart get labled a retailer? Sorry, there's a huge difference. RETAIL is equated with customer service. Sears used to have it. They need to get it back. Can't go "cheap" on this principle. Then concentrate on fixing what you have left. Worth of their real estate? Some stores are virtual gold mines. Some are parking lots at best.
Sears Is Holding Strong [View article]
Nice article.
Should give a .02 push around lunchtime.
Credit Markets Overstate Sears Bankruptcy Risk [View article]
Take your toys and go home.
Sears Holdings: A Chart That Will Surprise You [View article]
Everybody's gone home; dishes are done; card tables put away, and the lights are off. Good night.
Gutless Hypocrite du Friday [View article]
(Shorts' take of the pic)-No safety glasses and saw not plugged in - that's Sears Holdings !
Sears? Bankruptcy? I Think Not [View article]
But I can't see where monetizing a one year-old major asset to lease it back is nothing more than a quick cash fix.
Sears? Bankruptcy? I Think Not [View article]
Weed that out and you have a gold mine.
Sears Faces Risk If Economy Doesn't Improve [View article]
Get over it.
Sears and AutoZone: What Is Credit Suisse Thinking? [View article]
Value Investing in Sears: Avoid Current Perceptions & Look Forward [View article]
Sears: The End is Near [View article]
Full Steam Ahead !!!!
Is Lampert Making the Grade at Sears Holdings? [View article]
What value?
GE Seeks Buyer for Appliance Unit: Lampert Interested? [View article]
Sears Holdings: A Business Plan [View article]
Problem- Here's how a Sear store gets remodeled.
"Hoffman says it wants it this way"
"Region wants it that way"
"District wants it this other way"
"The Merchandiser wants it over this way"
"The Manager wants it two aisles over"
There's so much wasted time and material (and salary)
That they could have sold more (and made more profit) if they left the store alone. Nothing justifys Sears Culture.
Sears Holdings: A Business Plan [View article]
Leave the stores that are amongst "money" (better locations)
and dump the rest.
Drop the word "Mart"from everything - there already is one.Its a DISCOUNT STORE. When did Walmart get labled a retailer? Sorry, there's a huge difference.
RETAIL is equated with customer service. Sears used to have it. They need to get it back. Can't go "cheap" on this principle.
Then concentrate on fixing what you have left.
Worth of their real estate? Some stores are virtual gold mines. Some are parking lots at best.
Long on Sears- Yes , only with a business plan.