June 8, 2016
Sears Just Lost a Billion Dollars in One of Its Most Important Categories
According to a new report from market research firm Stevenson, Sears shed an astounding billion dollars in appliance revenue last year. The sales drop reduced its market share among the top 50 U.S. appliance sellers to 19.5% last year from 23.5% in 2014...
A billion here. A billion there. It might not seem like much to a company with a market cap of $1.4 billion, but eventually it starts to add up.
Eddie Lampert, you deserve recognition for helping to make Sears what it is today.
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