This analysis will take the reader back to a store base of nearly 3,800 locations in 2007 and fast forward to today where the number is starting to close in on 1,800...
Great Neck, NY (PRWEB) November 18, 2014
Industry-leading credit consulting firm Information Clearinghouse, Inc. (ICI), through its F&D Reports and Creditntell divisions and sister company FDARMS, has released its Store Closure Review and Analysis on Sears Holdings.
Since 2012, the Sears Holding Corp. has been undergoing a transformation into an “integrated retailer” while monetizing assets to plug its cash drain created by negative free cash flow. The Company announced the closure of 173 underperforming stores in 2012 and targeted asset sales such as the divestiture of its Sears Hometown and Outlet businesses and the spin off of Lands End into a separate public company. In October 2014, the Company completed a rights offering of 40 million of the 52 shares of Sears Canada that it owned. Most recently, reports indicated that Sears was planing to close another 100+ stores by the end of January 2015.
The Sears Holdings Special Analysis examines the numerous store closures that the Company has completed since the inception of the transformation of its business model, including an in-depth review of the Company’s cycle of asset sales. Our research team confirmed the locations of over 260 shuttered stores since 2012, with the report identifying the store closures by month, region and format and includes the types of replacement stores by industry for the confirmed closures.
Commenting on the Company’s store closures, CEO Lawrence Sarf stated, “This analysis will take the reader back to a store base of nearly 3,800 locations in 2007 and fast forward to today where the number is starting to close in on 1,800 after selling most of its stake in Sears Canada. The question is…should I still view Sears as a retailer or is it gradually becoming a pure real estate play?”
To request a copy of this report, please contact Josh Suffin / 800-789-0123 ext.172.
Information Clearinghouse, Inc. (publisher of F&D Reports, Creditntell, & ARMS) is a leading retail credit consulting firm specializing in the analysis of public and private companies in numerous retail segments. The focus of its analysis is to deliver the key intelligence today’s busy credit executive needs to make a highly informed decision without sifting through pages of non-essential data. To learn more, visit our websites at http://www.fdreports.com, http://www.creditntell.com, http://www.fdarms.com.