Sears has another chance to avoid closing down
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Re: Sears has another chance to avoid closing down
#2Eddie Lampert is a monster.
Re: Sears has another chance to avoid closing down
#3Sears was my go-to place for tools for years. Then, at some stage, the quality noticeably changed and it started to feel like a cheap knock-off, like what happened to Stanley Tools ages ago.
But I did very much appreciate their return-tool policy. I used that a few times. It was a great customer loyalty tactic.
Re: Sears has another chance to avoid closing down
#4Eddie Lampert is a monster.
Not disputing the CEO is a force of destruction, but ought not some businesses close?
What’s the place of Sears in the modern age?
Re: Sears has another chance to avoid closing down
#5Sears had everything. Global supply chain, check. Top notch distribution operation, check. System and infrastructure to take orders and handling billing, check. Name recognition and established customer base, check.
They threw it all away, ending catalog operations in 1993 a year before Amazon.com opened in 1994. They owned part of Prodigy in 1984! Yet somehow thought it was a better move to expand into bigger box retail. Anyone remember The Great Indoors from 1997? It was going to have huge potential.
What a waste.
Re: Sears has another chance to avoid closing down
#6[deleted]
Re: Sears has another chance to avoid closing down
#7Sears is a macro-example of the phrase, "The market can remain irrational longer than you can remain solvent." Seems like this company has been walking dead for years.
When the October news hit that Sears was going out of business, my wife and I used up all our Sears points (kind of like airline miles) to get tons of free food from Kmart. Then Sears kept just giving her points so we kept getting free stuff. How on earth did Sears stay in the game so long, and what game were they even playing? Sometimes I wonder if we inadvertently triggered some backdoor left by an employee to get as much free stuff as possible. Part of me assumes the bonanza will now intensify.
Re: Sears has another chance to avoid closing down
#8Eddie Lampert is a monster.
Not disputing the CEO is a force of destruction, but ought not some businesses close? What’s the place of Sears in the modern age?
Maybe it would have closed even if Eddie had not bought them. But if you hit a swimmer with a 2X4 in the head, people might say that you drowned him...
Re: Sears has another chance to avoid closing down
#9In the early 2000s, my business classes were breaking down the inefficiencies of large scale brick and mortar businesses and forecasting their digital takeover.
The big surprise for me was how long so many of them have held on. It seems to be a slow die off rather than a mass extinction.
Re: Sears has another chance to avoid closing down
#10Whaat? How could this be? Did anyone see this coming? Nuts. Guess I'll have to shop at Service Merchandise from now on.
Serious note: Sad to see it go, but it failed to adapt.