Sad, because in my time Sears was a national institution. My father used to trade animal skins with his local Sears in exchange for things he needed.
When I had a cabin in the mountains without heat, or electricity, I ordered a wood stove from Sears.
Personally, I feel the reason was bad management, because Sears was ahead, and had the capital and clients, it should have moved its mail order
business onto the net, as their successful competition has done.
I am almost 80, and like to buy books, enjoy brousing in book stores.
I don´t like to buy a book until after I have held it in my hand,
But now I find myself, purchasing more books on the net, cheaper, faster, and more efficient then traveling to some book store.
All sorts of commerce is shifting, Sears should have noticed before it became too late.
Another difference is a separatio between management and sales. Sears employees used to be an important block of share holders.
there motiviation was higher then some mutual fund invester, because he had a personal interest in the results of his decisions.
My last time in a Sears was about 10 years ago. I had to cut some bushes, and asked some high school ddropout employee for a repsaw and
he came back with a cross cut saw. When I objected he said that they looked the same to him. I explained that when one wants to cut
a tree limb, one wants to cut across the grain, not with the grain - I got an "oh, whatever look and shrug" and I never went back to sears and
shifted to a more expensive Black and Decker on the net.