Moving Forward

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…

Turnarounds and Transformations

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…

Spinoffs and Lands’ End

It seems like many companies are spinning off parts of their business in 2014.  Tribune Company, Time Warner, CBS, GE, Simon Property Group, and Darden Restaurants are all examples. Companies reorganize in a variety of ways all the time.  Acquisitions, divestitures, spinoffs, LBOs and recapitalizations are part of the normal evolution in the life of…