A lot of what is going on at Sears smells a lot like Wards a couple of years ago, crank up the credit machine, drive sales to lower quality credit risks, concentrate on selling add ons that may not be in the consumer's best interest, (like Wards credit security plan). The only diff is that GE has the credit card portfolio for wards, and wards couldn't hide behid the temporary uplift in income, GE got it.
Same problems as wards? Tired malls, no differentiation. When will the Board see that Martinez is not and cannot be a merchant? That is what this company needs.