retail

Sears declines as a middle-class icon

Sears declines as a middle-class icon

s we wandered past the $5 discount T-shirts on the first floor at the East Northport store, I was reminded of the role of Sears in the American middle class and the evolving U.S. economy: It was long a source of decently compensated jobs, quality tools and reliable appliances, but is now high on some retail analysts' list of retailers likely to file for bankruptcy protection.