Thursday, February 8, 2018

Sears, once an appliance powerhouse, sees sales shrink despite growing demand

Chicago Tribune

Sears— aided by its trusted Kenmore brand — long dominated sales of appliances like refrigerators, ranges, washers and dryers. But at a time when major appliances are seeing rapid sales growth and reliably drawing shoppers into bricks-and-mortar stores, the struggling Hoffman Estates-based retailer’s hold on the category has slipped.

Big-box specialty chains like Home Depot, Lowe’s and Best Buy have been winning over consumers, and even J.C. Penney is bringing major appliances back to stores in a bid to win sales from its department store rival and frequent mall neighbor.. . . more

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