Newsletter
Advertisement

Menu

Can CEO Lampert save Sears?

By Toby |

There is no doubt that Sears Holdings (SHLD) is struggling to stay relevant. Now CEO Eddie Lampert is hoping to provide some life support by suggesting that the retail store chain sells the valuable parts of its business to bring in more cash and reduce debt. The CEO has even volunteered to buy the assets himself. Lampert is offering to buy the Kenmore brand along with the Sears Home Improvement and PartsDirect businesses.

Sears is already looking to sell some of its real estate from store closures with the help of a commercial real estate firm to generate as much cash as possible.

However, many experts believe that these efforts are futile, the prime reason being that the Sears brand has lost a lot of its charm. The company proved incapable of competing against stronger competitors like Target (TGT), Walmart (WMT) and of course, Amazon (AMZN).

A sears outlet
Image courtesy: Flickr

Sears already sold its Craftsman and Diehard brands and with the sale of Kenmore, the company will have nothing great left to offer. Moreover, customers now have other options like Amazon to buy Sears’ once-prized brands.

It is also speculated that the Kenmore brand might not actually end up garnering its full value when sold, just like in the case of Craftsman. Craftsman was valued at $2 billion but eventually sold for $900 million. Additionally, the proceeds from the other two businesses and the real estate sales might not be adequate to offset the cash burn or reduce debt significantly. On another note, it is not a smart move to sell off valuable brands.

Sears already sold its Craftsman and Diehard brands and with the sale of Kenmore, the company will have nothing great left to offer.

Sears’ troubles have been mounting for a long time. The company closed a large number of stores and laid off employees but still failed to see an increase in sales compared to other retailers. While many Sears stores closed, some stayed half empty due to decreases in inventory as a result of loss of suppliers. The lack of income and the risk over payments led to many suppliers canceling business with Sears.

Last but definitely not the least, Sears raked up a huge debt hoping to turn its business around but this effort did not pay off. Sears also lost many of its top executives. Although Eddie Lampert’s intentions may be noble, there are those who believe his strategy is flawed, and that in the end, neither he nor anyone can actually save Sears.

More on this Company

61 responses to “Can CEO Lampert save Sears?”

  1. blue french bulldog

    […]we prefer to honor several other online internet sites around the net, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  2. video chat

    […]although internet sites we backlink to below are considerably not associated to ours, we feel they may be essentially worth a go via, so have a look[…]

  6. registry dog

    […]very couple of web-sites that transpire to become in depth beneath, from our point of view are undoubtedly effectively worth checking out[…]

  8. nj fertility acupuncture

    […]we prefer to honor a lot of other internet websites around the web, even when they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  10. culiacan clima

    […]we like to honor quite a few other net web-sites around the internet, even when they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  14. clima en chimalhuacan

    […]we prefer to honor quite a few other web web-sites around the web, even when they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  15. Delta

    […]here are some links to websites that we link to since we believe they may be worth visiting[…]

  26. grey frenchies

    […]although websites we backlink to beneath are considerably not related to ours, we really feel they’re basically really worth a go by means of, so have a look[…]

  29. linh hoang

    […]very couple of web sites that take place to become comprehensive below, from our point of view are undoubtedly effectively really worth checking out[…]

  32. dr kim acupuncture

    […]very few web sites that come about to be detailed below, from our point of view are undoubtedly effectively really worth checking out[…]

  34. french bulldog texas

    […]that may be the finish of this post. Here you’ll locate some internet sites that we consider you will appreciate, just click the links over[…]

  35. rent a yacht in cancun

    […]although web sites we backlink to below are considerably not related to ours, we feel they’re basically really worth a go through, so possess a look[…]

  38. playnet

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless seriously worth taking a look, whoa did one particular master about Mid East has got a lot more problerms too […]

  39. gaming

    […]check beneath, are some totally unrelated internet websites to ours, having said that, they are most trustworthy sources that we use[…]

  40. crypto news

    […]we prefer to honor quite a few other world-wide-web internet sites on the net, even when they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  41. french bulldog

    […]very handful of websites that transpire to be in depth below, from our point of view are undoubtedly effectively really worth checking out[…]

  44. Dog Breed Registries

    […]although websites we backlink to below are considerably not connected to ours, we feel they are in fact really worth a go through, so have a look[…]

  49. Dog Registry

    […]that would be the end of this report. Here you’ll find some sites that we think you’ll appreciate, just click the links over[…]

  55. wix seo

    […]check below, are some entirely unrelated websites to ours, on the other hand, they may be most trustworthy sources that we use[…]

Top