Sears Files for Bankruptcy

The video discusses the decline of Sears, focusing on its inability to compete in both soft lines, like clothing, and hard lines, such as appliances and auto products. Despite attempts to bring in brands, Sears stores appeared unattractive. The company faced stiff competition from Home Depot, Lowe's, Best Buy, and Amazon. Financially, Sears struggled with debt and consistently declining sales, leading to its eventual downfall.

What was one of the main reasons Sears struggled in the clothing sector?

• They had too many brands.

• They failed to establish a strong position.

• They had too few stores.

• They focused too much on online sales.

Which of the following companies was NOT mentioned as a competitor to Sears in the hard line sector?

• Home Depot

• Lowe's

• Walmart

• Best Buy

What was a significant factor in Sears' financial decline?

• Falling revenue

• Increasing costs

• Expanding store locations

• Rising stock prices

How long had Sears been experiencing a decline in same-store sales?

• At least five years

• At least one year

• At least three years

• At least nine years

What was the ultimate outcome for Sears due to its financial struggles?

• It eventually closed down.

• It expanded internationally.

• It merged with another company.

• It became a leading online retailer.