Skip to main content
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Students
    • All Topics
  • Contact
  • Submit
Media Tip Sheets
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • |
  • Alumni
  • The Peel
  • Athletics
Sections
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • |
  • Alumni
  • The Peel
  • Athletics
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Students
    • All Topics
  • Contact
  • Submit
Media Tip Sheets

With Lack of Investment In New Private Label Brands – Sears Is Done

Wednesday, October 10, 2018, By Daryl Lovell
Share

Sears could only be a few days away from filing bankruptcy, according to recent reports. The parent company, Sears Holdings, faces an October 15 deadline to pay $134 million on its debt.

Ray Wimer is an assistant professor of retail practice at Syracuse University’s Martin J. Whitman School of Management. Professor Wimer says Sears’ lack of investment in new brands and its overall downward trend in merchandise and retail performance points to the end of days for the former retail heavyweight.

Wimer says:

“The story of Sears over the past year has been about the debt situation and trying to rework the debt payments coming due. The bigger issue that has not been discussed is the actual merchandise and the retail performance of the company that has been on a downward trend the last 10 years.

“Look at J.C. Penney (that has some similar financial issues) – launching a new brand Peyton & Parker on next Friday. I can’t remember the last time Sears launched a new brand to excite the customers to shop.

“All major retailers have been heavily invested in new private label brands this year. Not Sears. I think we are seeing things coming to the end for Sears.”

 

To request interviews or get more information:

Daryl Lovell
Media Relations Manager
Division of Communications and Marketing

T 315.443.1184   M 315.380.0206
dalovell@syr.edu | @DarylLovell

820 Comstock Avenue, Suite 308, Syracuse, NY 13244
news.syr.edu | syracuse.edu

Syracuse University

  • Author
  • Faculty Experts

Daryl Lovell

  • Ray Wimer

  • Recent
  • Men’s Soccer Team Gives Back to Syracuse Community for Season of Support
    Friday, June 2, 2023, By Kathleen Haley
  • June 30 Deadline Set for Fiscal 2023 Year End Business
    Wednesday, May 31, 2023, By News Staff
  • DPS Accepting Sign-Ups for R.A.D. Summer Session
    Wednesday, May 31, 2023, By Alex Haessig
  • Syracuse Stage Adds 2 Musicals to 50th Anniversary Season
    Wednesday, May 31, 2023, By Joanna Penalva
  • Supporting, Advocating for Trans Youth Will Help Them Thrive As Adults
    Friday, May 26, 2023, By Daryl Lovell

More In Media Tip Sheets

Supporting, Advocating for Trans Youth Will Help Them Thrive As Adults

The list of states that have passed or are considering bans against gender-affirming care is growing, and even more states have anti-LGBTQ bills under legislative review. As Pride Month gets underway, advocates say it’s more important than ever to support…

Streaming Shuffle Continues as HBO Max Rebrands: What Does the Future Look Like?

A little more than a year after the merger that created Warner Bros. Discovery, the entertainment conglomerate has officially unveiled changes to its premiere streaming platform. HBO Max relaunched as simply Max. It’s the latest move in an industry that…

Nurturing Children’s Mental Health During Summer Break

Syracuse University associate professor Matthew Mulvaney provides actionable guidance to parents as children and teenagers head into summer break. Mulvaney is a parenting researcher who joined the Falk College of Sport and Human Dynamics in 2012 following a series of…

Prioritizing the Well-Being of Horses

As Jay Busbee wrote, “Horse racing is in the spotlight for all the wrong reasons, again.” Seven horses died ahead of this year’s Kentucky Derby. Many will be upset about this for a short time after, but then it may…

Experts Available to Discuss Mental Health Awareness Month

Did you know one in 5 adults in the U.S. experience a mental health condition in a given year? If you’re working on a story for Mental Health Awareness Month, our Syracuse University faculty experts are available for interviews. Please…

Subscribe to SU Today

If you need help with your subscription, contact sunews@syr.edu.

Connect With Us

  • Facebook
  • @SyracuseUNews
  • Youtube
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn
  • @SyracuseU
  • @SyracuseUNews
  • @SUCampus
  • Social Media Directory
  • Accessibility
  • Privacy
  • Campus Status
  • Syracuse.edu
© 2023 Syracuse University News. All Rights Reserved.