Last Sears in NY area shutting down, just 12 stores remain of world’s once-biggest retailer | New York Post
The last-standing Sears in the New York area is closing its doors, marking the end of an era for this once-retail giant. At its peak in 2011, Sears had approximately 4,000 locations worldwide, but that number dwindled significantly over the years. Now, the company has only 12 stores in the entire United States, plus one in Puerto Rico. Even in New Jersey, which used to have about a dozen Sears locations, the last one in Jersey City is about to shut down.
The signs at the Newport Centre Mall Sears are clear: “Blowout Event” posters and discounts of up to 70%, as the store prepares to close for good. The decline of Sears has been a long and tumultuous journey, with the company filing for bankruptcy in October 2018 and emerging from Chapter 11 proceedings four years later with just a handful of stores remaining.
The closure of this iconic retailer raises questions about the changing landscape of business and retail in America……….
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Rising Dough
How did Sears, once the world’s largest retailer, fall from grace, and what does it tell us about the evolving preferences of consumers and the challenges businesses face in the digital age?
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The downfall of Sears could’ve been the unforeseen covid disaster or just that they couldn’t evolve as a company and adapt digital applications to their company.
Consumer preferences and digital age are big factors.
It shows how these days most people tend to focus on online purchases which makes walk in business like these go out of business. it also effects the consumers of the once popular business.
Sears’ decline can be attributed to various factors, including failure to adapt to changing consumer preferences and the rise of e-commerce. The company struggled to innovate and invest in its online presence, losing relevance as consumers shifted to digital shopping. This highlights the importance of adapting to evolving consumer trends and leveraging technology for businesses to remain competitive in the digital age.
Sears fell from grace because of bankruptcy, covid, and the fact that it’s much more convenient to just search for the outfit online and just buying it online. I guess they just didn’t adapt to digital purchase.