{"id":3161,"date":"2008-01-15T00:00:01","date_gmt":"2008-01-15T00:00:01","guid":{"rendered":"http:\/\/zmetro.com\/?p=3161"},"modified":"2008-01-15T00:00:01","modified_gmt":"2008-01-15T00:00:01","slug":"on_sears_lands","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=3161","title":{"rendered":"On Sears &#038; Lands End: Retailer&#8217;s Profit Warning Signals a Persistent Slide"},"content":{"rendered":"<p><a href=\"http:\/\/www.emailthis.clickability.com\/et\/emailThis?clickMap=viewThis&#038;etMailToID=835120854\">Gary McWilliams<\/a>: <\/p>\n<blockquote><p><i>Sears Holdings Corp., the storied retailer that helped civilize the American frontier with its catalog sales and later defined the modern department store, is searching for a new compass.<br \/>\nThe retailer yesterday warned results for its fiscal fourth quarter and year would fall well below its expectations, continuing a sharp slide in sales and profit. Even during the best two months of the year, sales at stores open at least a year fell 3.5% compared with a year ago, the company said. Shares tumbled 5% to a more than two-year low, down $4.79 to $91.38 on the Nasdaq. The stock is off 49% in the past year.<br \/>\nBut its record in acquisitions has been dismal. In 2002, it paid $3 billion for mail-order firm Lands&#8217; End, a business that has declined since the deal.<\/i><\/p><\/blockquote>\n<p>Lands End is based in nearby Dodgeville.  The post Sears acquisition of Lands End is a story waiting to be told.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><a href=\"http:\/\/www.emailthis.clickability.com\/et\/emailThis?clickMap=viewThis&#038;etMailToID=835120854\">Gary McWilliams<\/a>: <\/p>\n<blockquote><p><i>Sears Holdings Corp., the storied retailer that helped civilize the American frontier with its catalog sales and later defined the modern department store, is searching for a new compass.<br \/>\nThe retailer yesterday warned results for its fiscal fourth quarter and year would fall well below its expectations, continuing a sharp slide in sales and profit. Even during the best two months of the year, sales at stores open at least a year fell 3.5% compared with a year ago, the company said. Shares tumbled 5% to a more than two-year low, down $4.79 to $91.38 on the Nasdaq. The stock is off 49% in the past year.<br \/>\nBut its record in acquisitions has been dismal. In 2002, it paid $3 billion for mail-order firm Lands&#8217; End, a business that has declined since the deal.<\/i><\/p><\/blockquote>\n<p>Lands End is based in nearby Dodgeville.  The post Sears acquisition of Lands End is a story waiting to be told.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,21,39],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3161"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3161"}],"version-history":[{"count":0,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3161\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}