November 17, 2017
Bloomberg News spoke with Retail Group Co-Leader Ron Friedman about whether Sears's discounting strategy will work to reverse a severe sales slump.
Bloomberg News
By Alexandra Stratton
Excerpt:
To Friedman, the more extreme sales seem like an exercise in unloading inventory. The promotions probably won’t bring new kinds of customers into the stores, he said. Sears’s most loyal fans may be past their prime shopping years.
