- Dawn Reshen-Doty
Can Sears pull themselves back into the market?
Sears Holdings Corp. has continued its sales decline into the 2nd quarter, with sales at current stores falling 14.5%, faster than previous quarters. Sear’s shares fell 4.2% on Monday, and some of their suppliers are demanding tougher payment terms. Despite CEO Edward Lampert’s attempt to increase cash value by selling off assets, cutting costs, selling several of its Sears and Kmart properties, and forming joint ventures with mall owners, Sears has totaled upwards of $7 billion in losses. http://on.wsj.com/1GwkO8r