Earlier quoted context omitted.
What is it that makes the real estate valuable though? A mall with a big hole in it doesn't seem like a good investment. If Sears couldn't make a go of it it's hard to see how anybody else could.
Maybe the fallout shelters? Virtually every Sears standalone store - at least up thru the 1980s, was also a fallout shelter (with air raid siren and everything).
Sears has another chance to avoid closing down
251–260 of 568 posts
Re: Sears has another chance to avoid closing down
#252Earlier quoted context omitted.
I thought this as well until I heard a counter-point [0] which was very convincing. The reason Amazon is successful is not because you can shop online (from a catalog) and receive items in the mail. The reason Amazon is successful is because you can do those things and receive your items within two days. Before Prime existed, Amazon had very quick fulfillment, and after Prime two-day it became even better. The Sears…
Not to be snarky, but there needs to be a name for selective amnesia when an idea that seems obvious in retrospect is ignored later on. In this case, the thing that made Amazon so great, before Prime existed, was that it had the "Things you might also like" section. AFAIK it was one of the first online stores that used machine learning to recommend new and related items you didn't realize you wanted and to have user…
Re: Sears has another chance to avoid closing down
#253Earlier quoted context omitted.
Not to be snarky, but there needs to be a name for selective amnesia when an idea that seems obvious in retrospect is ignored later on. In this case, the thing that made Amazon so great, before Prime existed, was that it had the "Things you might also like" section. AFAIK it was one of the first online stores that used machine learning to recommend new and related items you didn't realize you wanted and to have user…
Is that really a primary growth factor? I've never once acted on an Amazon recommendation, and it's always felt almost entirely useless - "you just bought a vacuum, here's 15 more vacuums just in case you're a vacuum-obsessed lunatic"
Re: Sears has another chance to avoid closing down
#254Yes, brick-and-mortar retail is in trouble. Yes, all department stores are in various stages of decline. But Sears fell very hard and very fast, and made uniquely terrible decisions like "we don't need to invest in infrastructure and upkeep because we have a great loyalty program" and "our various departments will do better if we make them fight one another for ever-decreasing resources" and "hey, we'll make some quick short-term profit if we sell off our world-famous captive brands like Kenmore, Craftsman, and Diehard that have literally brought people into our stores for decades."
Sears should really be in at least as good shape as competitors like Dillard's, Nordstrom's, Best Buy, or even Macy's -- the latter of which is arguably not in good shape, but for all their faults, they haven't been doing the corporate equivalent of bashing themselves in the face with a big rock for ten years.
Re: Sears has another chance to avoid closing down
#255Re: Sears has another chance to avoid closing down
#256Earlier quoted context omitted.
While this is generally true, imagine if Sears had honestly realized their competitors potential and tried to compete. They had the country covered in stores and could have easily cut shipping times down by shipping from the nearest one. Their stores were also a hodgepodge of junk all randomly mixed, and they never made their store a desirable place to stroll.
We could say the same for other big box retailers. I don’t know any that even comes close to te amazon experience, short of Yodobashi.con in Japan. I think it requires something very special for an organization to accept to canibalize itself. Apple is the only exemple that I would see at a behemoth scale.
Re: Sears has another chance to avoid closing down
#257Re: Sears has another chance to avoid closing down
#258Sears 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 re…
Re: Sears has another chance to avoid closing down
#259Earlier quoted context omitted.
I thought this as well until I heard a counter-point [0] which was very convincing. The reason Amazon is successful is not because you can shop online (from a catalog) and receive items in the mail. The reason Amazon is successful is because you can do those things and receive your items within two days. Before Prime existed, Amazon had very quick fulfillment, and after Prime two-day it became even better. The Sears…
Not to be snarky, but there needs to be a name for selective amnesia when an idea that seems obvious in retrospect is ignored later on. In this case, the thing that made Amazon so great, before Prime existed, was that it had the "Things you might also like" section. AFAIK it was one of the first online stores that used machine learning to recommend new and related items you didn't realize you wanted and to have user…
These days I find the recommendations pretty useless and have a slightly different opinion of buying products there just to help out the company.
Re: Sears has another chance to avoid closing down
#260Earlier quoted context omitted.
I thought this as well until I heard a counter-point [0] which was very convincing. The reason Amazon is successful is not because you can shop online (from a catalog) and receive items in the mail. The reason Amazon is successful is because you can do those things and receive your items within two days. Before Prime existed, Amazon had very quick fulfillment, and after Prime two-day it became even better. The Sears…
While this is generally true, imagine if Sears had honestly realized their competitors potential and tried to compete. They had the country covered in stores and could have easily cut shipping times down by shipping from the nearest one. Their stores were also a hodgepodge of junk all randomly mixed, and they never made their store a desirable place to stroll.
How are they doing?