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Sears, once America’s largest and most important retailer, could very be going into its last Christmas shopping season.
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The Sears chain had 2,000 stores as recently as 20 years ago and more than 200 stores when it emerged from bankruptcy in 2019. Now it has just five, after three more closings this past year.
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One standalone store in Coral Gables, Florida, could be torn down to build 1,000 housing units. Another four operate in malls – in Braintree, Massachusetts; Concord, California; El Paso, Texas; and Orlando Florida. All those malls are owned by Simon Property Group, the nation’s largest mall operator.
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The company, once the Walmart and Amazon of its day, helped change America, from how people shopped to where they lived and more. Now the once-proud chain is in a precarious position; by next year’s holiday season, it could finally be gone.
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If you’re in retail and you’re trying to sell something nobody
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wants to buy anymore, like electric typewriters or video tapes, you’re in a world of hurt,”
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said Cohen, who blames Lampert for the store’s current state.
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“But customers didn’t stop buying circular saws or screwdrivers and hammers or appliances.
If you’re in retail and you sell things people want to buy, your success or failure is entirely
based upon what kind of skill you bring to the table.
He had none.
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said Cohen, who blames Lampert for the store’s current state.
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“But customers didn’t stop buying circular saws or screwdrivers and hammers or appliances.
If you’re in retail and you sell things people want to buy, your success or failure is entirely
based upon what kind of skill you bring to the table.
He had none.
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