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To the casual shopper, Sears, one of America’s oldest retailers, may appear to be on life support.The department store chain that once reinvented how Americans shopped now barely has a brick-and ...
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Sears began to face difficulties in the late 1980s in light of these developments, and with strong competition both from Walmart and from so-called category killers such as Toys "R" Us. Discover's introduction was costly; Sears's Discover credit card operations accounted for a loss of $22 million in the fourth quarter of 1986, and a loss of $25 ...
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