I have been asked by numerous media outlets for my comments about the failure of Sears Canada and, in particular, about the dividends paid in the past and their impact on the pension plan. While I take no issue with the decisions that the board of Sears Canada made with regard to dividends and certain…
Re: “What sank Sears Canada? The inside story of its downfall”, The Globe and Mail (published 20 October 2017) The article by The Globe and Mail on the history of Sears Canada and its ultimate failure ignores significant facts about the operating management and governance of Sears Canada and the impact that changes in the…
In my blog post on Monday, the main point I wanted readers to take away was that companies that refused to change or waited too long were worse off than those that took the risk to embrace change earlier. In any time of change, there will be winners and losers. Just because you try new…
Today I posted some thoughts on the Sears Holdings blog (SHC Speaks) related to the re-positioning of its store portfolio. Sears Holdings will continue to execute on its plan to integrate its store and digital capabilities, which will include adjusting the size and number of stores it operates. Additionally, Sears Holdings will continue to build and experiment…
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