THE FUTURE FOR SEARS, WALMART SECTION, EDWARD LAMPERT TAKE NOTE: Let’s face it: there isn’t a future for Sears. The WSJ recently had an article headlined, “Sears to Shut Unprofitable Stores.” My initial reaction was, “Then that would be all of them.” And, a secondary question: “With the WalMarts and Costcos in every major city, where would there be Sears and Kmart stores that are profitable?”
I know that Sears stays in business simply because the owner of the hedge fund ESL Investments, Edward Lampert, the purported CEO of Sears, wants them to. He has an investment and he plans to keep milking Sears to feed that investment. Ergo, his recent whim to sell the Kenmore appliance unit as well as others. I’ve asked this question previously: “What would Sears be without Kenmore?” So, here’s a thought. Perhaps the Sears Board of Directors could find the grit to stand up to Edward Lampert and tell him that they plan to sell Sears to . . .say, WalMart. WalMart could set up a “Sears Section” in their stores and populate it with all the favorite Sears items, such as Kenmore appliances. It would be a huge Americana gesture and one that would likely resonate with WalMart customers, myself included. I wouldn’t even consider visiting a Sears store today, but I well might stop in the “Sears Section” of WalMart, and, even patronize it. Time to think out of Edward Lampert’s box for Sears! Sam Walton, were he alive, would have loved the idea of preserving America’s heritage.
THE FUTURE FOR SEARS, WALMART SECTION, EDWARD LAMPERT TAKE NOTE: