Zooming out a little, if everyone even shopped locally — for everything from electronics to housewares to recreational vehicles and, yes, even advertising — the boost to the economy would be easily felt.
Unfortunately, that’s not the world we live in. And unfortunately we see businesses close or pare down or finding themselves in financial trouble.
The latest retailer to face a new uncertainty is Sears Canada. The Sears name is synonymous with catalogue sales, especially, and its Wish Book in particular was as much an annual benchmark growing up in Newfoundland as was the holiday that it capitalized on.
Sears Canada also operated successful retails operations of course, of which Corner Brook’s has been a staple for shoppers for decades.
No, Sears is not owned locally and it has shareholders that it must appease, however, the local store employs local people, in turn doing its part to keep a workforce in western Newfoundland. It also offers many products not found in other local retail outlets.
Tuesday’s news of the financial struggles are tough to swallow.
“The company continues to face a very challenging environment with recurring operating losses and negative cash flows from operating activities in the last five fiscal years, with net losses beginning in 2014,” Sears Canada released in a statement.
Unfortunately, the people of Corner Brook and western Newfoundland comprise a small blip on the Sear Canada radar, but that doesn’t mean shoppers should give up.
Shop at Sears, and all the other locations located in your town. Don’t use local stores to scope out locally and then buy online. Drive the short distance to the store of your choice and, in turn, drive your local economy.
If everyone had the same idea, their effects could keep your favourite shop open.