Sears at Christmas in 2021

Two years ago, we checked in on two Sears stores around Christmas in 2019. We skipped last year but we are back at it this year. The difficulty, first, is to find a Sears store. As we have documented, there are less than 30 full-line Sears stores remaining in the United States. The Rockaway, New … Continue reading Sears at Christmas in 2021

What Happened to Stein Mart? The Rise and Fall of the Department Store Chain

Is Stein Mart Bankrupt? Stein Mart, the storied chain that began in 1908 with a first location in Greenville, Mississippi by Russian Jewish immigrant Sam Stein, recently filed for Chapter 11 bankruptcy due to the COVID-19 pandemic back on August 12, 2020. All 281 stores across 30 U.S. states will be liquidated. We will examine … Continue reading What Happened to Stein Mart? The Rise and Fall of the Department Store Chain

Sears at Christmas in 2019

To put it simply, the American retail icon Sears has had by all metrics a terrible decade. Their last profitable year was 2010. The store count has nearly vanished and the below chart from Business Insider is shocking, but not too surprising to see. They also spun off or sold their most valuable assets, the … Continue reading Sears at Christmas in 2019