Thursday, December 29, 2011

This morning's retail business news

The T&G has editorialized on the news that Sears will likely be closing more than 100 stores. This is sad news for the chain that had once been the mainstay of American retail business. Sears and the now banished Mr. Roebuck started a catalog company with its beginnings more than 125 years ago.  For many years, they offered young men a first glimpse of women in underwear.

Even into the 1960s, the catalog and, that most odd retail offering, the catalog store, were Sears' mainstay. Sears has managed to update the catalog experience for the 21st century. You can now go to the store, find that they don't have what you want, locate a kiosk where a sales clerk might be helpful, and place an online order that can be shipped to your home or back to the store.

Kohl's, meanwhile, is paying no heed to he coming retail apocalypse, has leased property on Lincoln Street where they may or may not have plans to build a store.

T&G story on Kohl's lease of Lincoln Street property

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