Retail Detail. The Plot Thickens. Come See The Softer Side of Gap? Second City Style Fashion Blog

January 11, 2007 • Shopping


Now this is the kind of soap opera I love! According to today’s Chicago Sun-Times,  Sears Holdings Corp.’s store sales keep declining while its earnings
keep growing… leading to speculation that Sears is ready to buy

Sears has been rumored for months to be considering spending its
large cash reserves on a possible purchase of Gap, the struggling retail
chain, or one of its sister chains such as Banana Republic.

Analysts were fevered Wednesday after
Sears Holdings reported it is keeping a healthy cash kitty and has sold
property, believed to be parking lots and other parcels such as gas
stations, at some Kmart stores. As the world turns…Read more

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