Thursday, January 5, 2017

Sears Dies By Inches

It has appeared to me like Sears has been slowly dying for years. The corporate strategy seems to be to sell buildings, property, and brands, extracting as much value from the system as possible before the shutdown.

There was a time when Sears was the largest corporate employer in the country. It had the premier mail order business, lifetime warranties, and a network of stores. You could buy a car, a gun, or a house, along with everything you needed to outfit the house and all the occupants.

5 comments:

Brad_in_IL said...

Poor Julius Rosewall must be spinning in his grave.

Brad_in_IL said...
This comment has been removed by the author.
Brad_in_IL said...

Rosenwald. Julius Rosenwald. Fracking auto correct sucks @$$.

Ruth said...

I worked for Sears a few years ago. Individual stores definitely vary, but yah, the company is in a downward spiral, if they don't fix something in the near future they aren't going to last.

Guffaw in AZ said...

And I just saw a blurb yesterday that they sold the CRAFTSMAN TOOL LINE to Black and Decker!
Sounds like they are piecing it out.

gfa