Consolidation and optimization are two words that will be used quite often in 2016 for Sears Holdings Corp. as it attempts to stem the tide of negative EBITDA. And one of the key pillars of hope for Sears is its Shop Your Way loyalty program.
While Sears had delivered year-over-year EBITDA improvement in each of the previous consecutive four quarters, in the fourth quarter of 2015 it incurred an EBITDA decrease of $207 million versus the same period in 2014.
Rob Schriesheim, Executive Vice President and Chief Financial Officer....