Professor Elam

Wed July 8, 2015

We have discussed Sears Holdings SHLD numerous times on this blog.Once regarded as an investing whiz, owner Ed Lampert seems determined to render the former giant retailer moribund. 

After creating an REIT which allows for a sale and lease back of the stores, Sears is now saddled with the high lease cost. With sales still falling, looks like Sears won't be where America shops for a lot longer.That is sad for the firm that invented catalog retailing which has now morphed into internet retailing.