Sears Is Making A Comeback – CWEB.com
Sears (SHLD) is making a comeback right now and will sustain the momentum going forward.
There will be a conference center that will reside where the old Sears automotive building was and Sears will host an 18,000-square-foot facility selling home goods such as mattresses and appliances. Anything ordered online at Sears.com can also be picked up in these store locations. Three new tenants will be leasing a small portion of the Sears building.
For Sears, closing stores can be a path to profitability and beefing up their online presence. Sears has made a deal with Amazon to start selling its Kenmore-branded appliances online that are compatible with Amazon’s Alexa.
Comparing to all other retailers in the industry including Kohls, Costco, Nordstrom, Macys, Walmart, Amazon, Sears holding has a potential turnaround of going over $20-$30 within a year by focusing on shop your way and other new ventures.
Sears Holdings Corporation (SHLD) has been named a 2018 ENERGY STAR ®Partner of the Year – Sustained Excellence Award winner for continued leadership in protecting our environment through superior energy efficiency achievements. In addition, the Kenmore brand has been named a 2018 ENERGY STAR ®Partner of the Year – Product Brand Owner. According to the EPA, it marks the first time a company has won all three awards: Retailer, Energy Management and Brand Owner. Sears Holdings’ and Kenmore’s accomplishments will be recognized by the U.S. Environmental Protection Agency and the U.S. Department of Energy at a ceremony in Washington, D.C., on April 20, 2018.
“We truly value Sears Holdings’ partnership with ENERGY STAR and are honored to receive the Partner of the Year Award in Sustained Excellence for the ninth consecutive year in Retail and the seventh consecutive year in Energy Management,” said Edward S. Lampert, chairman and chief executive officer of Sears Holdings. “Being recognized by ENERGY STAR as a retail leader only further increases our members’ trust in us to continuously provide energy-efficient solutions that meet their needs. We remain committed to continuing our work to help increase energy efficiency, to offer savings to our members, and to protect the environment through our dedicated efforts.”
CWEB Analyst’s have initiated a Buy Rating for Sears (SHLD)
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