Thursday, July 9, 2015

The Turnaround Story at Sears Continues

July 9, 2015
Sears just sold its last asset that had any real value. Trouble ahead?

The $2.7 billion in proceeds will be used to help the department store operator continue its turnaround as it transitions to an asset-light model.

The cash is badly needed, with Sears burning through more than $1 billion a year....

Burnin' stuff. Smokin' side mirrors. Turnin' around a bunch. Goin' places in place. Impressin' the ladies.

Welcome to the donut black car hole.

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