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…
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…
At Sears Holdings’ annual stockholders meeting this week, we talked a lot about the difference between turnarounds and transformations. I want to share some of those thoughts here. Turnarounds happen when a company succeeds again at doing what it had once done successfully before. Transformations are almost entirely different – they occur when companies adapt…
Here is a link to a post I shared on the Sears Holdings blog. As changes Sears Holdings anticipated are being recognized more broadly, I want to make sure that I connect the dots between what we started doing years ago and what is happening now. http://blog.searsholdings.com/eddie-lampert/are-the-new-ideas-about-how-retail-is-changing-really-new/
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