Word: landschulz
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Sears' search for a new direction is overdue. The firm's earnings last year slid by a hefty 12.1%. Standard & Poor's has downgraded Sears corporate bonds from AAA to AA. Says Chicago Retailing Analyst John Landschulz of Mesirow & Co.: "Sears has been resting on its laurels for a decade. They need a complete merchandising overhaul...
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