Sears’ restructuring plan lacks the one thing it needs most: a way to drive sales
February 10, 2017 at 12:19 PM EST
Sears Holdings Corp.’s stock soared more than 31% in Friday trading after the struggling retailer announced a $1 billion restructuring that includes strategies for cutting costs and optimizing its assets. However experts say it’s lacking one crucial element for a company turnaround: a plan to drive sales.