What do you expect from a company that dumped its catalogue 5 years or more before online retail took off. Then ignored the internet.
Sears got too big. Retail was ignored while most assets were focused on the running of the beauracracy. Along with buying Dean Witter and just managing their real estate holdings.
Kmart did the same thing. Wal-Mart is headed that way too.
I bought a Sears diehard battery several years ago with a 5 year warranty. It failed before 2 years. No one at any level of Sears gave a damn about the warranty. It was worthless. I have been wishing for their demise ever since. It only took 5 years! Not bad.
The REAL "Store of the Future" in 1994.
Sears missed the target by a country mile.
Fond memories of visiting Santa Claus at the Sears in San Diego and my Dad took me to see the Aston Martin 007 car from Goldfinger there. Wonderful smell of roasting peanuts and other treats. This makes me kind of sad, actually.
It’s not icons that make America great, it’s a free and fair market.
Davids Bridal is going bankrupt as well.
Damn straight.
Amazon just does everything right. Need it at a good price, fast? Done. Need to return? No problem. No parking, no lines, no return hassles. The reviews before you buy are so helpful. Im going to start using Amazon for groceries and see how I like that.
I remember when Sears had a candy shop...
Sears is where I got my first guitar. I wrote a song about it
https://m.soundcloud.com/roger-shouse/the-sears-ball
I can remember as a young lad many years ago, my father told me that if I could get a Sears credit card, my financial standing would be sterling. Then, at some point, Sears sold the credit end of its business to Citibank who began to give out the cards like they were candy treats at Halloween. Interest rates were through the roof, too.
There’s no room for politically correct management in the future of American business.
Sears was really a great store once. Back in the 50s and 60s. The hand writing was on the wall in the 80s. So sad.
I wonder why the ceo Eddie Lampert did this?
He could have made so much more money.
http://prospect.org/article/how-sears-was-gutted-its-own-ceo
Kinda looks like a snake oil salesman.
https://www.salon.com/2013/12/10/ayn_rand_loving_ceo_destroys_his_empire_partner/
The top brass took money out of the company and treated the company as a real estate operation.
But it doesn't seem like anybody at Sears had the kind of fun Barbara Hutton and Huntington Hartford did with all their money.
It use to be a great place to shop... many many years ago.