Sears Has Come Back from the Brink Before
Harvard Business Review
OCTOBER 28, 2014
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. It’s easy to suggest that perhaps it’s simply run its course; after all, over the last 50 years, the average lifespan of a company on the S&P 500 has shrunk from about 60 years to less than 20, as more than one business thinker has pointed out.