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Articles related to "sears"

The rise and fall of Sears is the perfect symbol of retail's challenges over the last decade

  • Finished in 1973, Sears Tower was, for a time, the tallest building in the Western Hemisphere.
  • Three decades later, the naming rights to the tower expired.
  • Sears by then was a far different business from the company that had undertaken the skyscraper project.
  • Now, 10 years later, Sears is emerging from a traumatic bout with bankruptcy, closing stores by the hundreds and laying off employees by the thousands.
  • Retail is often an unforgiving industry, and the company's experience over the past decade has been a clear reflection of the importance of avoiding falling behind.
  • Former CEO Eddie Lampert has been accused by critics — including former executives who spoke to Business Insider's Hayley Peterson in 2017 — of rendering many Sears and Kmart stores crumbling ghost shops in his bid to cut costs and keep the company afloat.

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