In my opinion Sears has been one of the worst run companies in the past 20 years. Now they are closing 8 more stores - they announced closing 14 stores in their previous quarter.
http://www.dealerscope.com/article/after-announcing-huge-loss-sears-said-close-stores-quarter-400870_1.html
I think they should just shut down the company altogether. If you can't turn things around in 20 years maybe it's time to give up.
Sears is over-priced, has mediocre merchandise, and has had very poor customer service for a long time. A friend of mine worked there in the 80's when the geniuses at Sears decided to get rid of all their knowledgeable, long-employed salespeople and replace them with minimum-wage folks who knew nothing about what they were selling. Yet their high prices remained. That's when the company started going down big-time.
Wal-Mart, Costco, and other discounters have been eating Sears for lunch ever since.
Their merger with K-Mart was weird - the two losers merging together will make a winner hopefulness. Big surprise, it hasn't worked.
Maybe this major recession will put them under for good. I don't see how they can survive.
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