Monday, October 01, 2018

ANOTHER ROUGH DAY IN THE BRICK-AND-MORTAR RETAIL BUSINESS

by Bob Walsh

On Friday the price of a share of Sears Roebuck & Co. dropped below $1 for the first time in recorded history. There is a very real possibility that the chain will not survive until Christmas 2019.

At one time Sears was the largest non-government employer in the country and the largest grossing retailer in the country. Times have changed.

2 comments:

Trey Rusk said...

When I was a kid, I remember looking through the huge Sears Catalog before Christmas. It was called the wish book in our house. Sears carried everything. I also remember S&H Green Stamps and free dishes at grocery stores. Man, I'm old.

bob walsh said...

Practically a fossil.