Tuesday’s announcement by Sears Holding Corp. that the company will close up to 120 Sears and Kmart stores proves there are changes in buyer behavior and a decline brand loyalty, as consumers spend more time researching products and services online.
In a recent press release, I detailed what a transformation in consumer spending habits means for small business owners and entrepreneurs. You can view the press release here:
Sears, Kmart Closing Bring Attention to Changes in Buying Behavior
The closings are not a good sign for businesses slow to embrace buyers’ evolving needs. Now that the holiday shopping season is over, I bet other major store closings will follow. What do you think?
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