| Submit your comments on this article |
| Economy |
| Sears Canada Closing 59 Stores as It Seeks Bankruptcy Protection |
| 2017-06-23 |
| [FORTUNE] |
| Posted by:Fred |
| #5 ...maybe, but corporate culture of the in house 'suits' was unable to adapt. Nothing different than the 70s oil embargo that allowed Americans to discover relatively less expensive, fuel efficient, quality, 'sold as' Japanese cars. When the foreign companies captured 30 percent of the market, Detroit got the SAOD moment, they just lingered on for a couple decades before the bailout. As someone said - adapt or perish. Any Encyclopedia Britannic salesmen knock on your door recently? |
| Posted by: Procopius2k 2017-06-23 16:40 |
| #4 I think Amazon was the death of Sears. Sears had the catalog business but got crushed by Amazon (which is really just a catalog business), because margins aren't large enough to overcome the 5-10% edge Amazon held by not having to collect sales taxes. So in effect government picked Amazon to win. |
| Posted by: Glenmore 2017-06-23 12:58 |
| #3 That used to be Canada's largest retailer. As for US operations and living maybe 10 miles from Sears Hoffman Estates HQ, I have been waiting for the shoe to drop for a decade now. The only presence that might be left would be an online direct marketing outfit, not unlike they and Monkey Wards originally were. |
| Posted by: Capsu78 2017-06-23 12:42 |
| #2 That warranty on your Kenmore is up. |
| Posted by: Procopius2k 2017-06-23 07:27 |
| #1 ...This is probably the overture - the really bad news about Sears USA will show up around Labor Day. Mike |
| Posted by: Mike Kozlowski 2017-06-23 06:33 |