Penney’s, Sears circling the drain
Just like the malls where they were once stalwarts, JC Penney and Sears are on death watch. This piece points out that the traditionally bricks-and-mortar retailers that have grown—Walmart, Target, and Nordstrom—have done so by greatly expanding their respective online presences, which enables them to maintain their physical footprints. Penney’s and Sears haven’t done that. … Read more