On 1/6/2017 9:57 AM, John McCoy wrote:
woodchucker wrote in
:

Yep, not sure how selling off the better selling lines will save
Sears. If you sell them, you get quick cash, but then what?

Sears management beleives (or has deluded themselves into
beleiving, or more likely is trying to delude the share-
holders into beleiving) that with a little time and investment
they can recover the business. With current costs exceeding
revenues, they have neither time nor funds to invest. Hence
the idea that selling assets will give them time & money to
fix the problem.

I think Sears will go out of business shortly.

I agree with you. I don't think they have a clue how to
solve their problems - they're still trying to figure out
"how do we compete with Walmart", when the world has moved
on and the real competition is the likes of Dollar General
(and, of course, Amazon).

John



FWIW and this may have changed, in the early 90's KMart acquired/teamed
up/became partners with Sears. According to the money
managers/investment strategists, that was handling the retirement funds
for the company that I worked for at that time, KMart was in dire
straights at that point. It was explained that their business plan,
KMart, and sales were doing very well.
The problem, as it was explained to us, is that KMart was a lot like
Walmart, a number of family members that ran KMart were retiring with
spectacular pensions. KMart was bleeding to death, even back then, from
the pension plans the the family members were collecting. Supposedly
the pension plans were literally draining all net profits and then some.