Quote:
Originally Posted by legion
It has probably reached the point that every day of continued operation just takes value from shareholders. It should probably shut down and be liquidated, returning what it can to shareholders. The company simply has too much baggage to change directions, let a lone innovate.
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I have looked a little at the current CEO's plan for reorganizing the company back to profitability. Seems he wants to shut down the unprofitable stores and focus more on online retailing.
Sears CEO Eddie Lampert explains why he's closing so many stores - Fortune Lampert has 48.5% of the current Sears stock.
The problem with the online retailing part is their current website. Visit it and see what I mean. Further seems like they want to use the closed store locations for bringing in other retailers through leasing the locations. Is this enough to bring them around? I don't know. The name has been tarnished in the last couple of years. JCPenny tried to change its spots with the JCP re-branding. That didn't go so well. I don't know if Sears can survive the baggage it has taken on in the last few years.