Everything PR News

RFP, Public Relations, Marketing, Social Media and more!

Sears Hoping To Recapture Magic

by · Published · Updated

There’s really no reason to sugar coat it, Sears is not doing well. The company overall is floundering, especially after trying to buy and reinvigorate Kmart in past years. On top of this, Sears is struggling to keep customers in its store and has been forced to sell off iconic brands. Across the country, Sears locations are closing at malls, as American consumer habits continue to shift.

Sears Bets on Nostalgia

The company desperately needs to get more customers, so they are betting big on nostalgia this year, with the announcement that it will bring back the famous Sears Wish Book – the celebrated holiday catalog offering holiday decorations, games, appliances, apparel and … or course … toys. The catalog dates back to 1933 and was a long-awaited treat for generations of American children, who gazed longingly at the book’s fun offerings. Sears discontinued the catalog back in 2011 in deference to online sales and standard newspaper sale ads. Cost-prohibitive, they called it. Now, though, the catalog may be a Hail Mary to get customers to come back to brick and mortar stores.

While anyone can view the Wish Book online, Sears says it will make a “limited edition” print copy available to the store’s “best customers.” While the 2017 Wish Book is much smaller than previous editions, clocking in at a trim 120 paged, Sears is hoping a return to its catalog root will spur customer interest … and maybe bring back some buried feelings of nostalgia for the way things used to be.

E-Commerce Drives Out Department Store Sales

Nostalgia may not be enough. Not nearly enough. E-commerce, especially online shopping at Amazon.com and other low-price big box stores has cut deeply into department store sales. Over the past decade, Sears has shuttered 60 percent of its stores in the United States. Sears stock continues to fall, more than 50 percent over the past year. And the problems are not limited to the United States. Sears Canada is suffering too, having to file bankruptcy before announcing plans to close all stores in that division. Desperate to bring back some of the magic that drew customers to Sears from Black Friday through Christmas Eve in the not too distant past, Sears is hoping the Wish Book will pique the interest of those who may be looking for an alternative to online buying.

Customer service will play a huge role in keeping customers coming through the door. Online shopping is convenient, and customers can price shop and compare reviews right from home. To keep customers coming in, Sears will need to learn some of the tricks that have made certain competitors successful. Then, maybe, they will get what they’re wishing for this holiday season.

About Ronn Torossian

Ronn Torossian is the Founder and CEO of 5W Public Relations. He is an experienced leader in the public relations industry with over 20 years of experience. Ronn Torossian has been named as Public Relations executive of the year by the American Business Awards, and has run countless award-winning Public Relations programs.

Ronn Torossian is the CEO and President of 5W Public Relations

Tags:

Ronn Torossian

Ronn Torossian is the Founder and Chairman of 5WPR, one of the largest independently-owned PR firms in the United States. With over 25 years of experience crafting and executing powerful narratives, Torossian is one of America’s most prolific and well-respected Public Relations professionals. Since founding 5WPR in 2003, he has led the company’s growth, overseeing more than 275 professionals. With clients spanning corporate, technology, consumer and crisis, in addition to digital marketing and public affairs capabilities, 5WPR is regularly recognized as an industry leader and has been named “PR Agency of the Year” by the American Business Awards on multiple occasions. Throughout his career, Torossian has worked with some of the world’s most visible companies, brands and organizations. His strategic, resourceful approach has been recognized with numerous awards including being named the Stevie American Business Awards 2020 Entrepreneur of the Year, the American Business Awards PR Executive of the Year, twice over, an Ernst & Young Entrepreneur of the Year semi-finalist, Metropolitan Magazine’s Most Influential New Yorker, a 2020 Top Crisis Communications Professional by Business Insider, and a recipient of Crain’s New York 2021 Most Notable in Marketing & PR. Torossian is known as one of the country’s foremost experts on crisis communications, and is called on to counsel blue chip companies, top business executives and entrepreneurs both in the United States and worldwide. Torossian has lectured on crisis PR at Harvard Business School, appears regularly on CNN & CNBC, is a contributing columnist for Forbes and the New York Observer, and has authored two editions of his book, “For Immediate Release: Shape Minds, Build Brands, and Deliver Results With Game-Changing Public Relations,” which is an industry best-seller. A NYC native, Torossian is a member of Young Presidents Organization (YPO), and active in numerous charities.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

WP Twitter Auto Publish Powered By : XYZScripts.com