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Sears Underfunded Pension Plan

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Sears Holdings have approximately178,000 both part-time and full time employees as of January, 2016. One of the issue of Sears Holding is the underfunded pension plan. The company lost over 4.4 billion dollars since January 2006, which reduce the cash available for the business.
What Sears is not:
Sears is not for high-end store. Unlike Macy, Sears does not offer many reputable brands of clothing lines, attacking middle to high income customers. Likewise, Sears does not offer luxury line such as products sold at William Sonoma. Sears does not find niche in the focused market because the company targets the mass consumers. Kmart, the subsidiary of Sears Holdings, does not have the cost leadership unlike Walmart, well-known for “everyday
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