One of the most hallowed names in the US retail industry is Sears which declared bankruptcy last week.
The retail chain has been there since 1886. It started the same year as Coca-Cola.
Sears problems partly came from advances in the internet that made it easier to buy online. With e-commerce, big stores lost their attractiveness
We just buy online and the product is delivered home.
As one Kenyan in the US reacted after Sears declared bankruptcy “I just go online and buy anything I want including groceries and United Parcel Service or FedEx does the rest”
In developed countries, shopping online has become the in-thing aided by good logistics and trust. Paradoxically, as online shopping picks up, so are the malls in Kenya. Read more
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