BusinessWeek has a blurb(if you are registered) on Sears. These insights are offered:
But in the long run, selling the credit operations could hurt Sears. That's because the retailer boosts its sales by extending customers credit. Whoever buys the business "will be more discriminating about who they offer credit to," says Richard Church of Shumway Capital Partners.
Moreover, retail history offers Lacy a stark lesson. In the late-1980s, rival Montgomery Ward sold its credit business. Its retail business was ultimately liquidated in 2000.
Like I said before, Sears better have some ideas to shake up the retailing world, or they are toast.