Sears' Q2 Earnings Slide 62%

There are a heck of a lot of factors that contribute to Sears\' continuing slow death by strangulation. It so meaningless to attribute it to \"increased competition\" and the economy. Other retailers are facing the same economic factors that Sears faces and they continue to eat Sears\' lunch in terms of sales and market share. They couldn\'t do that if the management at Sears was up to the task and had some idea as to what they\'re supposed to be doing. The competition only \"increases\" at your expense if you show yourself to be incapable of preventing it or unwilling to try. The evidence of the past two and a half years indicates that in Sears\' case, it\'s probably the latter. It\'s about time the media knocked off it\'s love affair with the \"boy genius of retailing\" and \"brilliant financial guru\" and admit that Edward Lampert made his reputation picking low hanging fruit when there was a lot of it around to pick and is nowhere near as \"brilliant when it comes to turning a profit by having to climb for it. You don\'t turn a retailer into a hedge fund or even a holding company nor do you try to run a retail organization like you would a hedge fund or holding company and expect it to succeed as a retail organization.

There are a heck of a lot of factors that contribute to Sears' continuing slow death by strangulation. It so meaningless to attribute it to "increased competition" and the economy.

Other retailers are facing the same economic factors that Sears faces and they continue to eat Sears' lunch in terms of sales and market share. They couldn't do that if the management at Sears was up to the task and had some idea as to what they're supposed to be doing.

The competition only "increases" at your expense if you show yourself to be incapable of preventing it or unwilling to try. The evidence of the past two and a half years indicates that in Sears' case, it's probably the latter.

It's about time the media knocked off it's love affair with the "boy genius of retailing" and "brilliant financial guru" and admit that Edward Lampert made his reputation picking low hanging fruit when there was a lot of it around to pick and is nowhere near as "brilliant when it comes to turning a profit by having to climb for it.

You don't turn a retailer into a hedge fund or even a holding company nor do you try to run a retail organization like you would a hedge fund or holding company and expect it to succeed as a retail organization.

Well, I guess they operate about the same as everyone else. Welcome to my world. (lol)

Well, I guess they operate about the same as everyone else. Welcome to my world. (lol)

There are many happy ex-Sears/K-Mart employees after reading this article, but their true \"day of reckoning\" will come if the company continues to mis-manage themselves out of business. Consumers know they\'re getting gouged if they buy there (hence the reduced sales figures) and they won\'t be taken care of after the sale, either. And former employees feel that way because they were used like slaves when they worked there, & the ones who did want to work F/T there couldn\'t because the company didn\'t want to protect them by offering benefits. They can\'t die fast enough!

There are many happy ex-Sears/K-Mart employees after reading this article, but their true "day of reckoning" will come if the company continues to mis-manage themselves out of business. Consumers know they're getting gouged if they buy there (hence the reduced sales figures) and they won't be taken care of after the sale, either. And former employees feel that way because they were used like slaves when they worked there, & the ones who did want to work F/T there couldn't because the company didn't want to protect them by offering benefits. They can't die fast enough!