NEW YORK ( TheStreet) -- The news that the Kardashian Kollection will be available at Sears ( SHLD) was considered the dumbest thing on Wall Street this week by readers of TheStreet.
As of late Friday, about 37% of the readers that took our poll thought that Sears agreeing to feature the Kardashians' new clothing line was particularly dumb. The Kardashian Kollection will be hitting the shelves at 400 Sears stores in August. The new clothing line will consist of 60 pieces of jewelry, 30 bags, a dozen shoes and 40 apparel items. "The exciting new collection will embrace Kim's glamorous red carpet looks, Kourtney's more Bohemian chic vibe and Khloe's rocker style," Sears said in its announcement of the line. "From timely pieces to fashionably tailored looks, the collection will appeal to all women who love fashion." This week Sears reported that its same-store sales were down 6% domestically in December and were down 3.8% for the year to date. The news that the Goldman Sachs ( GS) published a 60- page report declaring the firm's "re-commitment" to several abstract business practices was considered the second dumbest thing on Wall Street with 29% of the votes. Goldman's "Business Standards Committee," made up of mainly Goldman Sachs executives, plus several outside figures such as Wal-Mart ( WMT) Chairman Lee Scott, released the report on Tuesday after carrying out an extensive review of the company.