Sears’ Holdings Voluntarily Selling Off Assets
For a couple of years now, bloggers have been predicting that Sears will be soon out of business.
From Daily Finance, “Is Sears Headed for Bankruptcy?” to an article from the finance section on
MSN, “Why Sears...
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Sears’ Holdings Voluntarily Selling Off Assets
For a couple of years now, bloggers have been predicting that Sears will be soon out of business.
From Daily Finance, “Is Sears Headed for Bankruptcy?” to an article from the finance section on
MSN, “Why Sears Is On Its Last Legs” to a blog titled “Which Retailer Will Die First: Sears or
J.
C.
Penney?”, Sears is attracting a lot of attention concerning its potential financial crisis.
It has
tried many methods to try to increase revenue, such as giving great discounted prices to selling
off some of their assets to gain more revenue.
People started to worry when CEO Louis D’Ambrosio stepped down from his position because of
private family issues.
Sears’ shares fell down five percent after he left and financial analysts said
that Sears’ recent improvements was probably the result from his involvement in bettering the
online business and customer loyalty programs.
He was replaced by Eddie Lampert in February of this year.
Lampert was or
Less
