Sears Sees More Small Stores In Its Future. Here’s What That Would Look Like

by MR Magazine Staff

With six years of shrinking sales and a wave of maturities coming due in 2018, Sears is in a fight for its life. Earlier this year, the department store chain cautioned it may not be able to continue as a going concern. But despite that warning — and a widening gap between its assets and liabilities — Sears has made some aggressive moves to reimagine its future. The big bet has been on getting smaller. “Innovative smaller-format stores continue to showcase our company’s unique integrated retail capabilities by combining new technology, our strongest categories and in-store experts,” Chief Financial Officer Rob Riecker said Thursday on a prerecorded conference call. “We intend to open similar innovative concept stores moving forward as we sharpen our focus on new ways to best serve our members,” Riecker explained. Read more at CNBC.