Distressed retailer Sears (NASDAQ: SHLD) has announced that it's closing its flagship store in Chicago. According to management, the decision to close the store was made because it had been losing millions of dollars since it opened in 2001. The news comes only a few weeks after the company announced that it's cutting 7% of its workforce.
In this segment of the Motley Fool's consumer goods show, Consumer Countdown, CG analysts Michael Finarelli and Sean O'Reilly join host Mark Reeth to discuss if the value for Sears lies in the retail sector, or if it is simply a property play now.
As retailers like Sears and Wal-Mart suffer, there are two companies that are taking over the industry
To learn about two retailers with especially good prospects, take a look at The Motley Fool's special free report: "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail." In it, you'll see how these two cash kings are able to consistently outperform and how they're planning to ride the waves of retail's changing tide. You can access it by clicking here.