Check Out Line: Sears plans conservatively for 2008
Check out Sears Holdings Chairman Ed Lampert pledging in a letter to shareholders to take a more conservative approach to inventory in 2008 after last year’s aggressive posture backfired,Ã, wreckingÃ, the retailer’s earnings and profit margin.
“Unfortunately we did not forsee theÃ, severe economic turbulence ahead … 2007 was not a good year in which to operate with increased [...]
http://feeds.reuters.com/~r/reuters/blogs/shop-talk/~3/242769838/