Thread: Sears - RIP
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legion legion is offline
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Join Date: Sep 2004
Location: State of Failure
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Our local mall had five anchors 3 years ago:

Sears
Macy's
JC Penney
Kohl's
Bergners

The Macy's was originally a Famous Barr (a St. Louis based retailer that specialized in secondary markets), but they got bought out by Macy's 10 years ago. None of the locals were happy as everyone expected the local store to be closed the second Macy's had financial problems. But everyone thought Sears would be the first to go. Their traffic had been declining for two decades and they had done absolutely nothing to update the store or their archaic systems.

Macy's closed first two years ago. JC Penny was next, which surprised no one. Bergner's was the next to go, which surprised everyone as they had the best traffic of any of the anchors. Finally, Sears, which everyone had been anticipating closing, finally started liquidation this month.

Kohl's stands alone.

The JC Penney has been converted into a Planet Fitness and an H&M. Bergner's and Macy's still sit empty.
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Old 10-12-2018, 06:14 AM
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