Professor Elam

Monday Dec 5, 2016

We have written many times about the difficulties at Sears. CEO Eddie Lampert has been selling off various parts to the point that there is nothing left.

Now suppliers are reluctant to ship inventory for fear of a bankruptcy in which they might not get paid. With only half the inventory to sell, no wonder sales have  fallen.

Sales have dropped from $41 B in year  2000 to $15 B in 2015.

There have been suspicions for some time that Lampert would eventually liquidate and sell the real estate SHLD owns.