Sears and JCPenney Not Forgotten
by MR Magazine Staff Sep 08, 2022
Much of the retail industry has become its own worst enemy. Though inflation and a recession have only just begun to harm them, there were other earlier warnings to many brick-and-mortar companies that have suffered financially through the past few quarters.
Sears and JCPenney share three things in common. Each is old, with Sears founded in 1892 and JCPenney in 1898. For years, each was among the largest retailers in America. Finally, each suffered financial disaster under poor management that pushed them to oblivion. Read more at 24/7 Wall Street.