Eddie Lampert simply couldn’t stay ahead of the curve. He thought selling off the Real Estate would generate vast returns. Wrong - mall R/E is plummeting in value faster than Sears stock price.,
as another freeper noted - Sears dominated mail order. They coulda creamed Amazon.
It’s going to be a fascinating B school case one day.
As I read it in an earlier discussion, senior management scoffed at the idea of selling goods over the Internet back in the 90’s. Like they would have had a 6 or 7 year head start on Amazon if they listened to their young Turks...