Is Sears’s Store Strategy Headed in the Right Direction?
To improve productivity, Sears Holdings (SHLD) has been downsizing its store footprint by closing unprofitable stores as well as opening new smaller format stores. The company’s fiscal 3Q17 revenues were down 27% mostly due to store closures and reduction in comps (comparable store sales). In November 2017, the company had announced closures of another 45 Kmart stores and 18 Sears domestic stores.