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I think the issue with Sears is they had a ton of large brick-mortar-stores (often the "anchors" at malls, which is another nearly dead industry with the last i
by jzent 2y ago
I think the issue with Sears is they had a ton of large brick-mortar-stores (often the "anchors" at malls, which is another nearly dead industry with the last indoor mall built in the US in 2006). Remember the fear of Wal-Mart killing main street in the late 90s into the 2000s? Wal-Mart came in and killed the competition, which included Sears. Then Amazaon annihilated Sears further and took a huge dent in Wal-Mart. Sears had no choice but to implode. I imagine major horse and carriage companies suffered a similar fate with the invention of the automobile.
- KerrAvon 2y agoYou’d might think that — seems obvious, right? — but you’d be wrong! Private equity killed Sears. https://prospect.org/economy/sears-gutted-ceo/ https://prospect.org/economy/sears-gutted-ceo/ https://www.cnn.com/2018/10/16/investing/retail-sears-private-equity/index.html https://www.cnn.com/2018/10/16/investing/retail-sears-privat...
- vlark 2y agoEddie Lampert killed Sears, plain and simple: https://www.institutionalinvestor.com/article/2bsxn8l0u5yr6zhelmhog/corner-office/eddie-lampert-shattered-sears-sullied-his-reputation-and-lost-billions-of-dollars-or-did-he https://www.institutionalinvestor.com/article/2bsxn8l0u5yr6z...
- AlgorithmicTime 2y ago> dead industry with the last indoor mall built in the US in 2006 Well that's straight up false. The American Dream mall in East Rutherford, NJ opened in 2019. https://en.wikipedia.org/wiki/American_Dream_Meadowlands https://en.wikipedia.org/wiki/American_Dream_Meadowlands