The Downfall of Sears, 5 Reasons Why it’s Struggling to Survive
Indigo 9 Digital
JANUARY 12, 2023
Hedge fund manager Edward Lampert, who is also Sears’ former Chairman and CEO and largest shareholder, purchased the company in bankruptcy proceedings for only $5.2 According to The Pay Scale Index : “since 2006, wages have risen 16% overall in the U.S. Consumers have less money to buy many of the items retailers sell.
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