With Sears as a pillar of shopping-mall stability, it is hard not to imagine that malls, the port of call of young people across the U.S., will/must likewise drift to the seabed where Atlantis rests. A 'cultural icon' destined for evaporation, and with it, the personality traits of hundreds of thousands of struggling, personality-seeking, get-laid-longing youngsters.To say that Sears is a household name in US retail is an understatement.The 130-year-old company operates one of America's best-known department store brands, Sears, Roebuck & Company, along with the ubiquitous Kmart chain, and was America's largest retail company until 1989.
But the firm has recently found itself in a crisis as it struggles to turn a profit as Americans increasingly shop online rather than in shopping centres.
In January, the company behind the group said it was selling off a major subsidiary and shutting more than 100 stores in an attempt to bolster its finances.
Some analysts believe that, short of a miracle, Sears Holdings will go under within the next few years.
Still a lot of folks who need walmart.ReplyDelete
More proof that the Oligarches will be speeding up the demise of the middle class and working class in favor of the international slave labor class.ReplyDelete