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COMMENTS: From Silk to Polyester
Anthony Mason traveled to Sears' retailing headquarters in Chicago for CBS' Life After Debt series to check out how the chain is handling an annual 12% cutback in consumer spending. Sears will shutter more than 50 stores over a two year period; it now offers money-back guarantees on appliances and children's clothing; its apparel designers are switching from $100 silk to $20 washable polyester chiffon. Mason called it an "earthshaking shift in American shopping habits."
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