Thread regarding Sears layoffs

Your situation isn't so simple

The "retail apocalypse" makes for catchy news headlines but the situation isn't so simple. The extreme level of competition and easy access to information on the internet has made retail a difficult business. But in no way is the industry dying overall. The internet has been around for 20+ years and 90% of total retail sales still go through brick and mortar stores. Smart retailers who listen to the customers and invest in their businesses are still growing and have a future. It's the stuck in the past, no investment in stores, poor customer service retailers that are dying all around.

Sears Holdings is certainly doomed. The company refuses to make any significant investment in the business and completely ignores what customers actually want, instead providing a mediocre reward program with overall lousy customer service. It's a strategy based on the Eddie Lampert fantasy of a low expense high profit business. He's letting the company fall apart while babbling about "transformation". His deluded approach to the business has no chance of success. And he can't be fired since he controls half the stock shares. Failure of Sears/Kmart retail is just a matter of time.

Certainly Sears Holdings employees should get out while they can, but they don't necessarily have to leave the industry. There are still growing companies with a future. Sears Holdings just isn't one of them.

by
| 1021 views | | 5 replies (last ) | Reply
Post ID: @OP+RXEqIhs

5 replies (most recent on top)

@uxy your right taxes are not part of EBITDA but like the last poster said the one time tax break does flow through to EBITDA. You should really read up on financials and learn a little Champion!

by
| | Reply
Post ID: @1pwt+RXEqIhs

No, taxes are not part of EBITDA. but when you get a one time tax benefit it flows through to EBITDA. Disguises the miserable results, for at least this quarter if you don't understand financials.

by
| | Reply
Post ID: @xxm+RXEqIhs

You champion. Taxes are NOT part of EBITDA.

by
| | Reply
Post ID: @uxy+RXEqIhs

You are delusional! People like you amaze me. Do you not look at the financials? We are not doing any better than we were a year ago in fact what really counts are sales year to year and we dropped tremendously! The only reason we showed any improvement in ebitda is because of tax reform NOT because we had more members shopping in our stores! There is no making a profit next year. There is no next year!

by
| | Reply
Post ID: @crr+RXEqIhs

Maybe you don't see it yet, but the transformation seems to be working.

Adjusted EBITDA is improving, close to breakeven, I think we could even make a profit next year.

Yes it's taking time and effort, but SHLD is transforming to a more asset light company.I think there will be stores, but fewer and smaller with buy online and pick up at store.

Lampert controls more than half the stock, so he must want SHLD to become a great company.

by
| | Reply
Post ID: @tgp+RXEqIhs

Post a reply

: