What fatal strategic error led to Montgomery Ward's bankruptcy in 2001, ending a 129-year retail legacy?

Montgomery Ward was once a retail giant that rivaled Sears Roebuck. Founded in 1872, it pioneered mail-order catalogs and expanded to over 500 stores across America. Despite this impressive history, the company made a series of critical strategic errors in the late 20th century that led to its ultimate demise. This poll tests your knowledge of one of the most significant retail failures in American business history.

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Refusing to expand into shopping malls in the 1970s-80s, focusing instead on downtown locations as suburban growth exploded
Abandoning their catalog business in 1985, just before the rise of modern direct marketing (and eventually e-commerce)
Excessive diversification into unrelated businesses like insurance and automotive services, diluting their retail focus
Maintaining high-end pricing during the 1990s recession while competitors like Walmart gained market share with discount strategies