S&P Global Market Intelligence declared Sears the US retailer most vulnerable to defaulting in the next year. "The combined decline of Sears and Kmart, in terms of sales, is unprecedented,'' said Greg Portell, an analyst at A.T. Kearney. It dominated retail and changed the way people shopped through its revolutionary catalogue business -- the Amazon.com of its era. When the Sears catalogue first appeared on doorsteps in the 1890s, it fundamentally changed how Americans shopped. Like today's e-commerce powerhouse, the Sears catalogue provided shoppers more choice than ever before, and at lower prices.

Source: Bangkok Post May 09, 2017 02:15 UTC