"We don't need more customers" - Sears CEO
Yeah, he said that...
"We don't need more customers. We have all the customers we could possibly want," Eddie Lampert told shareholders at the Sears annual meeting on Wednesday...
...earlier this year, credit ratings agency Fitch said Sears would burn through $1.8 billion this year and even hinted at the possibility of bankruptcy.
lampert also claimed Sears is "ahead" of chains like J.C. Penney, Macy's and Target, even though those retailers, while indeed struggling, have not seen sales declines anywhere near as dramatic as Sears'.
Also, anybody ever heard of the "Shop Your Way" loyalty/rewards program? Apparently Sears' future depends on the execution and success of it.
Thoughts?
Eddie, why do you embarrass yourself like this? So publically, so ineptly and for so long.
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