Why Sears is on its Last Legs
Thanks to a combination of neglect, mismanagement, a weak economy and the ever-changing dynamics of retail, the unthinkable may happen. After years on death watch, Sears Holding may actually fall — joining the ranks of retailers like Borders and Blockbuster as mere entries in the archives of Wikipedia. A new round of store closings was recently announced. Key executives are leaving. Sales have been in steady decline for years. These aren’t good signs.