For decades, Sears has been a retail powerhouse. Now, its future hangs in the balance.
The last 425 stores may – or may not – be able to stay in business, and that has people wondering about the store at the Ohio Valley Mall.
Right now, Sears at the mall is doing business as usual, but that could change by next week. Cafaro Company Corporate Communications Director Joe Bell says they do know that Sears has been in dire straits for quite some time. People in the shopping center have been watching its decline and planning for it.
“People have quietly been making plans, and our people have been talking with any number of [businesses] that might be interested in opening their doors in what could be former Sears spaces,” said Bell. “Some of those Sears spaces are very large, and they may be subdivided into smaller retail space, restaurants or entertainment venues.”
Customers today expressed sadness, saying Sears has always had high quality appliances and tools. Bell says they’ll know more by next Tuesday when Sears has a bankruptcy hearing.
In the meantime, he says it’s a long process, but not one that was totally unexpected.