Let that sink in. We went from 3,500 locations not so long ago to under 200. And even that will not last. This was the systematic destruction of an American icon. Everybody should be heartbroken over what happened here - especially over tens of thousands (or more) people who lost their jobs while those on top played their little game.
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And in the early 1970's, Sears had money to build what was then the tallest building in the world.
250,000 jobs lost since this charade began.
Sears has already run into an economy of scale issue. It is now too small and spread out too thin to actually be able to continue. They no longer are able to receive favorable pricing and it is too expensive to ship inventory to the stores. Game Over!
When I saw the announcement, I thought that too. 3500 to under 200 of both format combined? Why even bother?
If the quest to return to profitability is still on, maybe when there is one store left, it will be profitable? I doubt it but there seems to be no other point to this madness.
"The sign over every door meant something."
Yes it did. When did that disappear?
IT is truly sad that fast Eddie has gotten away with this destruction after promising judge drain those 45,000 jobs not so long ago
Remember when the brands Kenmore, Diehard, Craftsman, Road Handler tires, toughskin Jean's, and easy living and weather beater paint truly had value.
The sign over every door meant something.
Satisfaction guaranteed or your money back.
Travedy.