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Corporate Location: 3333 Beverly Road Hoffman Estates, IL 60179-0001Operations: Full Line Store Full Line Store Specialty Stores Specialty Stores Lands.

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Presentation on theme: "Corporate Location: 3333 Beverly Road Hoffman Estates, IL 60179-0001Operations: Full Line Store Full Line Store Specialty Stores Specialty Stores Lands."— Presentation transcript:

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2 Corporate Location: 3333 Beverly Road Hoffman Estates, IL Operations: Full Line Store Full Line Store Specialty Stores Specialty Stores Lands Ends Lands Ends Commercial Services Commercial Services Home Services Home Services

3 Subsidiary Closures: Subsidiary Closures: Kmart Stores will close. Brand expansions Brand expansions Lowes Home Depot

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5 Sears does sell products internationally in several countries. Guam Puerto Rico US Virgin Island Honduras North & South Mexico Guatemala

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7 Products can be purchased online: Products can be purchased online: Sears does not manufacture products. Sears does not manufacture products. Manufacturers include: Manufacturers include: Kenmore Kenmore GE GE Whirlpool Whirlpool Bosch Bosch

8 14 Sears Grand stores converting to Kmart 14 Sears Grand stores converting to Kmart Closing 7 repair centers Closing 7 repair centers Laying off 250 support positions Laying off 250 support positions 29 store closures 29 store closures

9 Shop Your Way Rewards Mobile Applications Social Marketing Facebook Twitter

10 1% commission on base items 1% commission on base items Electronics Dept. Electronics Dept. Jewelry Dept. Jewelry Dept. Employees discount of 20% Employees discount of 20% Clothes Clothes Shoes & Jewelry Shoes & Jewelry Additional 10% off all other items Additional 10% off all other items

11 June 2011: Laid off 700 employees Laid off 700 employees Reduced Expenses Reduced Expenses

12 Combined Corporate & Merchandise Groups Combined Corporate & Merchandise Groups Eliminated some management Eliminated some management These actions were done to: These actions were done to: Improve productivity Improve productivity Generate more revenue Generate more revenue

13 Sears Blue Blogger Crew Sears Blue Blogger Crew Sears Cyber Deals/Black Friday Sears Cyber Deals/Black Friday Identify action items Identify action items

14 Requested tax break incentive Requested tax break incentive Look at other subsidiary store sales Look at other subsidiary store sales Lower debts Lower debts

15 Questions ?


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