US EditionCould this finally be Sears’ last Black Friday?
Sears has declined from over 200 stores post-bankruptcy in 2019 to just five, with one store possibly replaced by 1,000 housing units, signaling the end of its retail presence.
- This past year, Sears contracted to just five stores after additional closings, and observers warn the brand could disappear by next year's holiday season.
- Management choices to sell assets and repurchase stock led to Sears and Kmart’s decline, with Lampert later buying the remains after bankruptcy, analysts say.
- Experts note possible accounting and lease motives, saying Sears’s remaining stores are unprofitable, with Mark Cohen describing them as `phantoms in the night`.
- Mall owners including Simon Property Group now house the remaining Sears stores, and the company's past role as a major employer signals potential job and benefit losses for communities.
- From its origins as a watch seller, Sears pioneered rural shopping catalogs and launched brands like Kenmore and Craftsman, while its historic headquarters once stood as the world's tallest building.
15 Articles
15 Articles
Sears, which was once the largest and most important retailer in the United States, could be entering its last Christmas shopping season. Sears had 2,000 stores just 20 years ago and more than 200 when it came out of bankruptcy in 2019. Now it only has five, after three more closures last year. An independent store in Coral Gables, Florida, could be demolished to build 1,000 homes. Four others operate in shopping centers: in Braintree, Massachus…
Sears, who was once the largest and most important retailer in the United States, could be entering his last Christmas shopping season.
Sears, who was once the largest and most important retailer in the United States, could be entering his last Christmas shopping season.
By Chris Isidore, CNN. Sears, once America's largest and most important retailer, may be entering its final holiday shopping season. The Sears chain had 2,000 stores just 20 years ago and more than 200 when it emerged from bankruptcy in 2019. Now it has only five, after closing three more last year. One standalone store in Coral Gables, Florida, may be demolished to make way for 1,000 homes. Four others operate in shopping malls: in Braintree, M…
By Chris Isidore, CNN. Sears, once America's largest and most important retailer, may be entering its final holiday shopping season. The Sears chain had 2,000 stores just 20 years ago and more than 200 when it emerged from bankruptcy in 2019. Now it has only five, after closing three more last year. One standalone store in Coral Gables, Florida, may be demolished to make way for 1,000 homes. Four others operate in shopping malls: in Braintree, M…
Coverage Details
Bias Distribution
- 84% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
