Sears has booked losses of over nine billion dollars during the past eight years. The company has had to resort to shedding assets—tangible and intangible—in a bid to right-size operations and manage liquidity. In January 2017, Sears announced the sale of its Craftsman brand to Stanley Black & Decker. Samantha Albert, senior financial analyst with Mercer Capital, explains the transaction. To read the full article in Mercer Capital’s Financial Reporting Blog, click: Crafting a Deal in Order to Stay Afloat. This article is republished from Mercer Capital’s Financial Reporting Blog. It is reprinted with permission. To subscribe to the blog,…
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Over at OPENForum, Mike Periu, a Principal at EcoFin media writes: Using counterintuitive strategies in your business can be risky, but when they work the rewards can be enormous. Trying these methods can help you improve sales and profits: Preventing Theft Warehouse stores like Costco, BJ’s and Sam’s Club are very careful with their inventory management and go to great lengths to avoid shrinkage, which is a fancy way to refer to theft. One of the strategies they use is to have an employee cross check customers’ receipts with the items in their cart before they are permitted to leave the…