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Old 05-31-2008, 06:19 PM
 
Location: Michigan
29,357 posts, read 53,159,018 times
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HOFFMAN ESTATES, Ill., May 31 (UPI) -- Most investors in the ailing U.S. retailing giant Sears think turnaround efforts are unlikely to work and are urging an asset sell-off, a report said Saturday.

Sears Holdings Corp. this week posted its biggest quarterly loss since it merged with Kmart in 2005 and warned that it didn't expect retail sales to rebound anytime soon, prompting a big shareholder to urge Sears Chairman Edward Lampert to sell off pieces of the company, the Chicago Tribune reported.

Sears investors urge asset sell-off - UPI.com
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Old 05-31-2008, 06:27 PM
 
Location: Fort Myers Fl
2,305 posts, read 2,915,836 times
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Quote:
Originally Posted by John1960 View Post
HOFFMAN ESTATES, Ill., May 31 (UPI) -- Most investors in the ailing U.S. retailing giant Sears think turnaround efforts are unlikely to work and are urging an asset sell-off, a report said Saturday.

Sears Holdings Corp. this week posted its biggest quarterly loss since it merged with Kmart in 2005 and warned that it didn't expect retail sales to rebound anytime soon, prompting a big shareholder to urge Sears Chairman Edward Lampert to sell off pieces of the company, the Chicago Tribune reported.

Sears investors urge asset sell-off - UPI.com

I was reading about that this morning. I almost bought some Sears Holdings a couple years back. Something told me not to.
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Old 05-31-2008, 06:34 PM
 
Location: Texas
8,064 posts, read 17,359,758 times
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Sigh, I really hope that's not the case. I'm pulling for Sears and Kmart to weather the storm! I can't stand Walmart, and Target has crap merchandise for high prices.
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