What's killing Sears and Kmart?
Charisse Jones , USA TODAY Published 10:06 a.m. ET March 22, 2017
Here are four things that are killing Sears and Kmart.
Dwindling sales — Traditional retailers are losing shoppers who can buy goods ranging from shoes to soap by tapping their smart phones. But Sears is doing worse than many others. The sales dip at Sears stores was the worst among the top 250 retailers tracked by eMarketer as of November.
Undone by the Internet — The ability to go to Sears and buy everything from a blouse to a blow torch under one roof once had great appeal. But no brick-and-mortar shop can offer more variety than the internet, making traditional department stores increasingly obsolete. And if you want to browse for an endless array of particular products, like electronics or garden tools, specialized retailers like Best Buy and Home Depot have multiplied in recent decades.
Out of Step, Out of Style — The 131-year-old company is seen as outdated, failing to keep up with the changing tastes and habits of shoppers.
Two Wrongs Don't Make A Right — In November 2004, Sears merged with Kmart, bringing together two struggling chains. And that move followed Sears' decision the previous year to sell its lucrative credit portfolio which was worth more than $30 billion.
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http://www.usatoday.com/story/money/...kmart/99486558
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