Mr. John White

Executive Vice President, Appliances and Services, Brand Source


          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

GLG News by Mr. John White, Executive Vice President, Appliances and Services

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

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Appliances drive Sears.

September 4, 2008

Sear's Profits Fall 62% In Second Quarter | www.chicagobusiness.com

Bottom line is Sears goes as their appliance business goes.  with weakened demand and increased pressure from Lowe's and Depot there is no turnaround in sight. 5 years there will be lots of mall real estate available.  Sears customers are dying and attracting new customers is not in scope with their current format.

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