What happened to Sears?

Sears Signal Hill Mall Statesville, NC

Was it the end of the catalog?  Changing tastes and preferences?  The rise of the category killer, like Toys R Us or Home Depot?  The domination of discount retailers like Target and Walmart?  The failed execution post acquisition of Kmart?  Demographic changes?  Or the precarious financial situation of the middle class these last 40-years?

Crain’s Chicago Business, via Longform.

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  1. […] Harvard Business Review says about JCPenney what I said awhile ago about Sears.  There is increasingly no middle market; retail efforts are going to have to focus on the top or […]