Wednesday, January 18, 2017

Sears Clings to Catalog Thinking in an Online World

The Sears Holdings Corporation, which is projected to lose more than $2 billion this year, is in the retailing dead pool. As its prospects for a turnaround appear to grow dimmer, it may seem to be another morality tale for bricks-and-mortar retailers in the age of Amazon.

Yet it is a lesson that even Sears recognizes. Like other retailers, the company is scrambling to adapt to today’s internet market. The question is whether it can do so before its cash runs out and the deal-making of its hedge fund chief executive, Edward S. Lampert is not enough to create more.. . . more

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