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Sears continues to be a very interesting (and sad, for employees) "death of an empire". As has been said countless times now, Sears pioneered a "remote orderin
by anoncoward111 8y ago
Sears continues to be a very interesting (and sad, for employees) "death of an empire".
As has been said countless times now, Sears pioneered a "remote ordering system" of sorts where pictures and specs and prices of products were presented a la carte in a discoverable manner, and consumers simply just placed an order by mail. Before long, the product would show up at the door, and value was exchanged every step of the way.
Now, most consumers prefer to make these orders electronically, and through a series of blunders and laziness, Sears is not the name consumers trust anymore. The resulting death spiral of this company is viewable publicly, with lots of qualitative and quantitative data readily available.
From the thousands of unemployed workers, to the shuttered stores, to the discount sale of Sears assets and inventory, the death of Sears is a public spectacle where a select few customers, stakeholders, vendors, and employees are still eeking out value (revenue, a paycheck, a bargain on a washing machine).
If you were looking to bet on Sears' failure, you missed the boat by about 10 months ago. What was left of the stock went from $15 to $2.50.