Sears May Rebound from Certain Destruction To the surprise of many, Sears may not be entirely dead yet. Sears has had an incredibly volatile year, with a sequence of difficult decisions, a number of stores closing, and a declaration of bankruptcy.
One source stated that sears Holdings, once the biggest retailer in the country and now 125 years old, is on the verge of filing for bankruptcy. CNBC looks at five things that Sears did wrong that helped speed its fall. Sears Holdings, once the biggest retailer in the country, is on the verge of filing for bankruptcy after 125 years in business .
Why did Sears take a step back?
Instead of changing to meet the new reality , it took a step backward, merging with another troubled retailer Kmart, to form Sears Holdings ( SHLD). Its new CEO, hedge fund operator Eddie Lampert, thought he could turn around both companies simply by cutting costs and selling the real estate where underperforming stores were located.
What went wrong at Sears?
The department store chain, led by hedge fund manager and CEO Eddie Lampert, has steadily been shrinking its assets over the years as its lost sales to Walmart, Target, Home Depot, Amazon and other competitors for its signature appliances and “Softer Side of Sears” apparel. CNBC looks at five things that caused Sears to fail in recent years .
While Sears’ problems can be partially blamed on an accumulation of uncontrollable forces , including increased competition, evolving market dynamics, and changing consumer habits, three specific business failures heavily contributed to Sears’ unraveling: 1. The brand failure.
Trying to seamlessly integrate two different cultures, different systems and processes is hard for even the strongest of companies. But for a company that had already moved in too many directions, the merger took a heavy toll on Sears. “The solution to Sears’ problems was to buy another retailer not doing well, and that was Kmart.
Sears and Craftman were for a long time one company so things were worked out, if a tool was not in the store they would order it in to get you a replacement, if all they had was the tool in a set they would split the set to get you a replacement .
Can I return a tool to Sears?
In the event your hand tool is no longer made anymore, your local Sears store should allow you to choose a comparable replacement. And if they happen to be out of stock on your tool, they can ship a replacement to your house for free! Your store may also limit the number of tools you can return at one time (usually 5-10, depending on the store).
However some Sears stores have been requiring a receipt of purchase to receive a warranty exchange. This is not the current policy, and was only instituted at some Sears stores for a short time. The warranty is as stated, a life time warranty, and Sears as such has never required proof of purchase for a hand tool exchange.
Can ADHD medication cause rebounding symptoms?
The good news is that for some kids, this intense reaction usually lasts for only about an hour or so. Sometimes an adjustment in medication can help reduce rebound.