ctilsie242 wrote:
I am not surprised to see this. About 10-15 years ago, major retailers decided to give US manufacturers the middle finger and source from overseas sweatshops. Well, it worked for their profit margins for the short term... but the piper has to be paid. Since all the jobs went overseas, nobody here in the US can afford their products.
This isn't just Sears, but retail across the board. Younger people either have less interest, or just don't have the money, and there is no shame in buying from thrift stores (older stuff tends to be more durable anyway), so it is no wonder why we are seeing this.
Agree, and when you put two words together like "Harbor" and "Freight" one can understand why a middleman like Sears is no longer needed.
Back in the 80's, Montgomery Wards and Sears each had one of the Brennan brothers at the helm. The problems must have begun back that far. Both were heavily into the store within a store concept and the catalog business was subsequently abandoned. . I too find it interesting that both companies did not transition well to the internet. But in all fairness MW collapsed well ahead of the internet shopping boom.