NEW YORK (TheStreet) -- Over the weekend, I sent out a Sears Holdings (SHLD)-related All Points Bulletin: If You Work For Sears, Quit And Find A New Job Now.
It's time to continue moving the retail conversation forward.
First, it's important to understand why Sears gets treated the way it does.
Traders and investors heavily short its stock. And the media, admittedly, treats the company unfairly. There's no question about it. All things equal (which they are not), I treat Sears unfairly every time I write about it. But there's a totally plausible reason why this happens.So, in the present article, I hit that angle. In one that immediately follows on TheStreet, I begin to explain how, if it takes steps to radically change its culture and approach, Sears might be able to survive. Last week I had a pair of conversations with Sears VP of Corporate Communications Chris Brathwaite. One of the things we discussed was why Sears gets the short of the stick in the media. In no uncertain terms, I told Brathwaite he should not encourage that type of conversation. While it's his job to defend his company and position it in the best light possible, there's no way he can win a debate about fairness. He has no business even engaging in one. Simply put, Sears doesn't deserve something as righteous as fairness. It doesn't warrant the benefit of the doubt -- from any of us. In fact, if Sears does anything from a public communication standpoint, it should be begging for forgiveness. Contrast the situation at Sears with the one at Apple (AAPL), a company that, relatively speaking, gets treated with fairness. In fact, while we all take our shots here and there, most of us view Apple with admiration. You might recall just over a year ago when stories surfaced that Apple Store employees routinely destroyed product and showed what amounts to no regard for the company. That story made some waves, but it pretty much came and went. If we found out that that type of thing was going on in Sears' stockrooms, the media onslaught and public outcry would have been relentless; multiple people at Sears would have been held accountable. Heads would have rolled (like they probably should be now). That's because, unlike Apple, Sears has no redeeming qualities. It has become a national disgrace. A total laughingstock. A target for nothing but contempt. I mean just look at some of the comments people made at TheStreet's Facebook (FB) page in response to this past weekend's Sears story ...
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV