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4 Signs Sears Holdings Needs New Management

TheMotleyFool

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4 Signs Sears Holdings Needs New Management

Sears Holdings (NASDAQ: SHLD) is arguably the poster child for retail devastation. Shares of the company, which owns Sears and Kmart, plunged nearly 95% over the past decade as mall traffic plunged, superstores and e-tailers took over, and the company's insular culture prevented it from countering those threats in a timely manner.

That mess was exacerbated by the merger of Sears and Kmart in 2005, which merely proved that two wrongs don't make a right. That deal was engineered by hedge fund manager Eddie Lampert, who became Sears Holdings' CEO in 2013.

Source: Sears Holdings.

Source: Fool.com