GREAT NECK, N.Y., April 3, 2019 /PRNewswire-PRWeb/ -- Industry-leading retail consulting firm Information Clearinghouse, Inc. (ICI), through its F&D Reports and Creditntell divisions, has announced the release of its Special Analysis of New Sears, which provides a close look at the Company's scaled-down operations, new debt structure, and trade support, while offering an operational outlook on the diminished store base, associated costs, vendor and customer response, and overall profitability.
New Sears is the informal name for Transform Holdco LLC, the go-forward business acquired from the Sears Holdings, DIP bankruptcy estate by Edward Lampert's ESL Investments, Inc. for $5.20 billion in February 2019. The acquired operations consist of: (i) a retail unit that includes 425 stores (223 Sears and 202 Kmart), Sears Auto and ShopYourWay, and (ii) the Sears Home Service business. New Sears faces many of the same obstacles as Sears Holdings did previously -- a broken business model, incapable of competing with encroaching online players, and a store base in significant disrepair -- as well as new problems with the now much-smaller retail operations scattered across the country.
Commenting on the New Sears Special Analysis, ICI CEO Lawrence Sarf stated, "Welcome to the Sears reboot -- or is it, really? The fundamental questions are: Is the new entity adequately funded, and is there a new plan that might breathe life into the tired old retailer? Our analysts have provided the answers to both questions, making our report a must-read for anyone considering doing business with New Sears."
Please click here to request a copy of the New Sears Special Analysis.
Information Clearinghouse, Inc. (publisher of F&D Reports & Creditntell) is a leading 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 and http://www.creditntell.com.
SOURCE F&D Reports
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