10-11-2018, 11:50 AM
(10-11-2018, 09:49 AM)David Horn Wrote:(10-10-2018, 10:16 PM)pbrower2a Wrote: SEARS
Sears, once the largest retailer in the world, is now reportedly facing bankruptcy...
Sears was an extremely arrogant retailer in its heyday, which lead to their first demise. The vulture capitalist who bought the company on the cheap was even less enlightened. Stanley Tools got the Craftsman brand and some other company got the Kenmore brand, so the best parts of the company survive.
I have a thread on the life-cycle of businesses. About five years ago. about anyone could see that Sears was then Craftsman, Kenmore, Land's End, and junk. Sears was living on a reputation, which is simply not enough.
This is a bad time for dry-goods retailing. Maybe people are no longer excited about buying stuff in the post-industrial era. Maybe they want experiences instead of stuff.
At one time Sears owned WLS (call letters allegedly meant "World's Largest Store") Radio when its wide-ranging zone of broadcasting got rural America into its sales market.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.