It's been a slow, quiet death for the iconic chain, whose groundbreaking catalog and anchor position at many malls nationwide once made Sears both the Amazon and the Walmart of its day.
Tracy Easterling spent about an hour Sunday shopping at Sears, which used to be one of her favorite stores. She ended up with nothing to show for it but memories.
Easterling said when she told friends that she was going to be stopping at Sears, their reactions were:"Is there still a Sears that's open?" "I used to shop here years ago with my great-grandmother," said Razeyah Surrell, 23, who came hunting for a pair of pants while shopping with his friend Taryn Reczkowski, 22. They left quickly after Surrell couldn't find what he was looking for.
Now experts say there's basically little to no reason to keep even the handful of stores it still has open. He said that Sears' experience operating its catalog, which had an all-encompassing list of products, positioned it better than other traditional retailers to make an early move into online sales. And he said Sears had better lease agreements than competing department store chains.
Home + Life + Health Kimberly Palmer: Holiday survival tips from 5 financial pros Will the Sears name survive?The name Sears might survive even if the final full-line stores close. "It's tough to make the case consumers will go to those stores if they're pulling back spending," she said."I think that [a recession] could be the final nail in the coffin."
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