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Sears an ‘enormous loser’ this holiday
Former top Sears executive Mark Cohen is at it again with harsh words recently about Sears holiday performance and long term viability.
Cohen, former chairman and CEO of Sears Canada turned teacher at Columbia’s business school, appeared on CNBC to share his views on a holiday season with top line growth that appears to have exceeded earlier forecasts.
“Sears again is going to be an enormous loser,” Cohen said.
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Wal-Mart launches online gift card exchange
Bentonville, Ark. – Wal-Mart is offering an online gift card exchange called CardCash.com that will offer consumers up to 97% of the face value of another retailer’s gift card in the form of a Wal-Mart e-gift card. The retailer has set up a site where customers can enter the card number, PIN and some basic personal information so it can verify card balance before making an offer.
