I understand why you would want to highlight Sears. Its just like Myer. Huge bricks and mortar investment and not a great online offer. A department store is just a distribution channel for the product makers like Chanel, like Sheridan sheets.
Adairs has adapted away from this model. It has its own proprietary brands and it has a fast growing online presence and a fabulous loyalty program.
In FY'18 online sales grew 75% and now account for 13% of total company sales. mIt is growing its market share as well.
It has good sales growth in Q1 FY'19 and will produce enough operating cash flow to reduce its debt to a 12% debt/equity ratio by 30 June 2019.
Adair’s on special today, page-10
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