business news in context, analysis with attitude

CNN has reported that Sears has closed its last remaining Chicago store. That’s Chicago - the city that used to be home to the Sears Tower, for a time the tallest building in the world, and that became home to Sears’ headquarters back in 1887.

But the retailer’s extensive and persistent economic and competitive problems made the store less and less viable, and now the store has been shuttered.

Meanwhile, the New York Times reports that two Blockbuster video stores in Alaska are closing, leaving just one Blockbuster in existence - in Bend, Oregon.

The story notes that “Blockbuster closed its last few hundred corporate-owned stores in 2013 but privately owned stores that license the Blockbuster brand, like the one in Oregon, have remained … The Blockbuster in Bend, which has DVDs, Blu-rays and video games, has maintained a small-town approach in its 18 years in business.”

Blockbuster once had more than 9,000 stores across the United States, but then was bought out of bankruptcy by Dish Network. It is worth noting that Blockbuster once had the opportunity to acquire Netflix, but declined.
KC's View:
Like I said in the headline. Cautionary tales.