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Sears struggling since the late 1980s
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Posted by A1-turbo (more from A1-turbo) on Fri, 22 Aug 2014 09:05:33 Share Post by Email
In Reply to: Sears ....is there one in your town?, GFW3pedals, Fri, 22 Aug 2014 07:15:00
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Sears had been a struggling retailer since at least the late 1980s/early 1990s, losing its #1 general merchandiser standing to the discount stores. Since that time, losses, layoffs, store closures, restructuring, etc. became the norm. Kmart's acquisition of Sears in 2004/2005, to create Sears Holdings, was probably the only hope the two once dominant retailers had to compete in the current retail marketplace. Unfortunately, the newly formed company is struggling.

The idea of an Amazon acquisition of Sears Holdings, to give them a brick and mortar presence, has been thrown out there in recent months. Not sure if anything like that will actually happen, though.

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