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The End Of Retail
slate.com 3 weeks, 6 days agoIn its midcentury heyday, Sears, Roebuck & Co. was the Wal-Mart of its era,the largest retailer in the world with more than 350,000 employees. But it is in an epic freefall. After decades of decline, the Sears ended up in the hands of investment manager Edward Lampert, who purchased the company in 2004 and merged it with Kmart. The new combined entity, known as Sears Holdings Corporation, was consistently losing money even before the recession. The Sears Tower, the company’s iconic skyscraper, no longer hou


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