It has been a slow, quiet death for an iconic chain, whose groundbreaking catalog and anchor position at many malls once made Sears both the Amazon and the Walmart of its day.
in an effort to prop up its declining share price, rather than investing in modernizing stores to make them competitive.
Now experts say there's basically little to no reason to keep even the handful of stores it still has open. As for why Sears has hasn't yet pulled the plug, Saunders said, "It might be that in some contracts or agreements that there is a penalty if he closes all the stores. Or perhaps they're open because Eddie Lampert has a very strange view of business. He still seems to hold onto this illusion that he can bring it back. A lot of it could be about ego.
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