There was a time when Sears was as big as it gets in the retail game in the United States, and having the store’s catalog in hand … well, 30 years ago that was about like hoping on Amazon or any of today’s modern online mega retailers.
But times have been changing fast for Sears .
Earlier this year, the one-time giant was down to just eight locations, and now eight is down to five, according to a new report from The Street.
To put that in perspective: Sears once had 3,500 stores, making it the largest retailer in the country.
“The company has been on a death spiral for well over a decade,” former Sears executive Mark Cohen told CBS. “It lost sight of the fact that change is a constant.”
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