We Went Inside A Sears And Saw Why The Company Is Dying

Sears losses are mounting as the once iconic brand continues to struggle. The company announced it had a brutal holiday quarter and is planning to cut costs by $1 billion in 2017. Full year revenue is expected to fall 12% from last year to $22.1 billion. The company has been shutting stores and selling off assets to stem losses and repay debt.
We visited a Sears in Jersey City, New Jersey to see why the company is imploding. We were shocked by the dismal conditions on a Tuesday afternoon.
When asked for comment Sears spokesperson Howard Riefs responded with the following:
"Some areas of this particular Sears store are in seasonal transition and other areas are in the midst of project work. For example, we recently moved the men’s department to the lower level and are in the process of replacing the carpeting in the former denim section. Nevertheless, the described images from this store are not representative of the majority of our Sears locations and do not depict what we want our members and customers to experience. We take these matters seriously and this store’s team has already begun addressing the issues. We hope your video depicts a comprehensive look at this store, which includes our all-new Showcase area featuring top international apparel, footwear and accessory brands that are debuting in America exclusively at Sears."
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