Say Goodbye to Sears and Shoppingtown Mall?
Announced in late May, Sears reports it will be closing the Shoppingtown Mall location by the end of July 2018. The company has struggled to keep up with the current changes of the world, experiencing great difficulty with the transition from catalogs to online commerce.
Patrick Penfield, professor of supply chain practice at the Whitman School says, “Sears is on a death spiral” in this Spectrum News interview. With the closing of Sears he goes on to say, “It (Shoppingtown Mall) will not survive. It will be a strip mall in five years, without a doubt. There’s just not enough stores to support it. That structure is just not conducive to the how people shop today.”