Sears Holdings (including Sears and Kmart) are in the final stages of failure in what has been called the longest going out of business event in business history. Once a business begins a fire sale of it's iconic brands such as Craftsman (Kenmore and Diehard are soon to follow) then it's pretty much over, especially when those brands are the only recognizable brands left of the business.
Sears had every opportunity to be a major player in the retail industry, but for the last decade has been so poorly managed that any recovery at this point is impossible. No business can be in a perpetual state of decline for a decade and survive. Walk into any Sears or Kmart and they have all of the charm of a dollar store without the low prices-most are reminiscent of department stores in the old Soviet Union.
As long as it continues to stay open, Sears (and Kmart) do nothing for the communities that once made this one of America’s most successful companies. The sooner they fade into oblivion the better off everyone will be.
Sears had every opportunity to be a major player in the retail industry, but for the last decade has been so poorly managed that any recovery at this point is impossible. No business can be in a perpetual state of decline for a decade and survive. Walk into any Sears or Kmart and they have all of the charm of a dollar store without the low prices-most are reminiscent of department stores in the old Soviet Union.
As long as it continues to stay open, Sears (and Kmart) do nothing for the communities that once made this one of America’s most successful companies. The sooner they fade into oblivion the better off everyone will be.