Friday, May 5, 2017

The Decline and Fall of Sears: Failing Company Sends Out Credit Card Renewal

Sears, Roebuck, and Company has hit on hard times.

From what I have seen at the Torrance Del Amo Fashion Center.

The entire south end of the wing is wasting away, and it looks like Sears will be on the chopping block next.


Even though the company is facing massive restructring, one wonders if they will survive!

I even received the renewal for my Sears card last week!

If Sears is on its last legs, one has to wonder why they are sending out renewed charged cards.

No wonder the company is in trouble!

What has happened to these large corporate department stores?

Let's focus on the following reasons why corporations like Sears are in big trouble:

1. High regulatory burdens

2. Forced wage hikes in key cities (and states like California)

3. Technological innovations, like online shopping

For Sears, the sad decline has been long in coming.

And that's too bad.

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