Remove 2013 Remove Management Remove Morale Remove Real Estate
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Sears Has Come Back from the Brink Before

Harvard Business Review

Concerns that it wouldn’t have enough cash to finance its holiday stock has apparently led to the company to sell real estate, spin off its Lands’ End brand, and raise $625 million in unsecured loans and equity warrants. But then “Sears found the answer first,” Worthy reports, in 1924.

Retail 9
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The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 2 of 4

Strategy Driven

Current management of both companies were ill-advised on handling the crises. Real estate consultants are not business strategists, but the retail system gives them the say-so in establishing community presence. This causes loss of employee morale and, as a result, company productivity. Those We Bring Upon Ourselves.

Crisis 58