What Happened To Sears?

 

Write an essay on What Happened To Sears?

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Did you know that at one time Sears was the largest retailer in the world? That was back in 1969. During that time Sears was so dominant its sales represented 1% of the entire United States’ economy with two thirds of Americans shopping there. A few decades later when Sears merged with Kmart in 2005 the combined organization generated a substantial $55 billion in revenue. Fast forward less than two decades later to 2018 when Sears was in so much financial hardship with declining sales and profits as well as mounting debt it filed for bankruptcy. What a fall from grace. But what happened? As Sears’ stores fell further into disrepair they couldn’t generate enough to finance their own upgrades leading to a negative investment cycle which generates lower and lower sales and less money to invest over time. Lampert is credited with much of this lack of investment.

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