Monday, May 13, 2002

Smart Buy

The turnaround at Sears gathered momentum today with the acquisition of Land's End, which sells more clothes through the mail and over the Internet than any other company in America. The new management team at Sears is betting on quality to lure consumers back into its outlets and the acquisition of Land's End is evidence that they mean what they say. It's a smart move; well-timed and nicely priced (especially for Land's End stockholders). Given all the bad corporate news of late, it's good to see a great company making itself stronger.