The company that essentially invented mass mail order got out of the business and now claims they can't compete with Amazon...
When they have no customers, they can’t survive. Target should be next and none of their virtual posturing with perverts in the bathrooms will save them.
If they had vision they might have been in the role Amazon is in today.
Memories.....
As a kid we couldn’t wait to get the annual Christmas catalog....
Dads toolbox was filled with Craftsman tools.
I hate to see Sear’s fold. Kind of tugs at the heart.
They would have an immediate turnaround if they would fire their board and announce they are carrying a full line of Trump and Pro-America products.
The Sears store near me closed a few months ago.
They are closing many stores and retrenching, to try to stay alive.
I hope they can stay in business. But it also seems clear that Sears didn’t adapt to the changing retail environment.
lifetime tool guarantees were the best thing they had going for them IMO. Their lawn mowers however are a different story. Over the years I heard story after story about how bad the quality on them was.
They changed America for sure. But America is always
changing if you think and look at history. Things come
and go and will continue to the end of time.
There are Craftsman and then there are tools (yes, Stanley makes a very good product too). But Sears sold off the Craftsman line previously did it not?
It’s too bad.
I wondering they’ll change the Chapter 11 filing to a Chapter 7. I can’t imagine the Sears Holding Company that emerges from Chapter 11 will be very strong.
Sears got out of catalog sales in themid-90s
Biggest mistake ever.
It was right as people started to turn to mail order on the internet.
Sears could’ve been Amazon if they hadn’t based their thinking on shopping malls.
The cause is simple: BAD MANAGEMENT.
Sears did not compete with online marketing - Walmart did, and they are doing well.
Sears had Craftsman tools and Kenmore appliances; standards for quality and cost.
This has been a long time in coming. Even when I was a kid in the 1970s, Sears didn’t have a good reputation for anything other than tools and appliances. You’d cringe if your mom was going to take you shopping for clothes as Sears.
Well, we will see, if Sears goes out of business.
I recall how Montgomery Ward, which had been around for over a century, went out of business.
There are smaller retailers such as Radio Shack which went away as well.
Many local department stores, such as Marshall Field in Chicago, The Broadway in southern California, Woodward and Lothrop in the Washington DC area, found the enviroment had changed. Some of these were merged into the company which owns Macy’s.
At one time, those local department stores were solid local institutions, and it would have been unthinkable that they would ever not be there.
Sears may well join the ranks of retailers where we say, whatever happened to them?
The company that essentially invented mass mail order got out of the business and now claims they can't compete with Amazon...
The silvertone line of guitars and tube amps were not half bad. They are still popular on eBay.
In their hay day, their top execs could not imagine today’s news.
Walmart, Amazon, Google, Facebook — you are forewarned.
Wonder what is going to happen to my Sears Pension, about $850 per month?
I used to buy Craftsman tools there. I think the decision to outsource the brand to China was what did them in. Even though they were struggling then, they had a steady business going for Craftsman tools because they were pretty good tools at a reasonable price. Once they lost that, it was downhill fast.
don’t forget chocolate covered peanuts at the candy counter
Adapt, or die.