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The Corbomite Maneuver

If you are an original Star Trek fan, then the title of this post will bring a smile.

Sears just announced their first quarterly profit in two years! Yeah, harrah you say? But is it really something to be excited about.

Not really. The profit is due to the sale of Craftsman, cost cutting, store closing and moving the heavy burden off their balance sheet. But it is NOT the result of stronger sales or increased market share.

That continues to tumble.

My question is when is Sears going to focus on revenue generation to save their business?

http://ww2.cfo.com/financial-performance/2017/05/sears-profit-sales

Answers

Randy Moore
Title: CFO
Company: SJB Bagel Makers
(CFO, SJB Bagel Makers) |

They're not, and another one bites the dust taking K-Mart with it (or vice versa)

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

It's a shame. I remember waiting for the Sears Christmas Catalogue every year as a kid....

It was magical...

Another example of forgetting what business you are in...

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