Sears created Discover Card and the competitors colluded to blacklist the service until Sears sold it off at a loss.
Sears dropped out of mail order sales right as the internet boom was beginning (around 1994).
And hasn’t there been a CEO in charge selling off assets and then buying them back himself?
Sears didn’t fail because it was too old, cronyism and bad leadership did them in.
“Sears didn’t fail because it was too old, cronyism and bad leadership did them in.”
Maybe getting old is synonymous with cronyism and bad leadership.
Sears could have been Amazon, if they had had leadership with vision.
Yes I do tend to agree Sears poor management had much to do with their sliding down the drain.
Take GM when they were in trouble, some of their restructuring efforts included getting rid of dead weight such as Oldsmobile and Pontiac and keeping profitable ones like Chevy.
Sear did the opposite and sold off their profitable lines such as Craftsman tools and kept their dead weight.
If they had downsized into a combination hardware, home appliance and automotive store they would have survived.
Yep. Sears was the Amazon of its time, pre-internet. The could have transited into online sales and re-invented themselves in the 90’s but were stuck in brick and mortar mentality.