This is the life-cycle of capitalism and in 20 years Amazon will be closing to be replaced by the next big thing ( 3D,virtual,sens tech...etc) in retailing.
I worked for GE in the early 1980’s. They bought a thriving computer consulting business and ran it into the ground in two years. This was under Neutron Jack Welch a truly terrible human being.
Wall street greed, they destroy the jewels of American industry, shame on them. Their teacher, Romney
Washington Dumppost loves some Marxism.
And the list goes on and on
Also GOVERNMENT REGULATIONS DESTROYED TOO MANY BUSINESSES. CAPITALISM LIKE COMMUNISM IS A COMPLETE DISASTER! MY PLAN FOR THE ECONOMY IS BETTER FOR ALL NATIONS!
Simply case Darwin! Sears fill a major gap when 2 out 3 Americans lived in a rural area & needed quality goods Sears also play role help Blacks during Jim Crow with direct delivery Sears, Woodworth, more to come needs to adjust to their customer needs! Sears economics
SEARS & GE RAISED PRICES while Walmart lowered prices. Start there.
From day to day, the priorities and goals of the people are changing, and companies adapt winds
WHEN YOU RAISE PRICES NOBODY BUYS. When you LOWER PRICES for people on the incomes & wages you pay them more profits. WHEN YOU RAISE TAXES & PRICES LIKE DEMS DO / RAISE MORTGAGE & RENT PRICES& CUT HOURS & BENEFITS LIKE DEMS DO CAPITALISM FAILS. LIKE SOCIALISM & COMMUNISMDID
Sears had terrible management that pushed inter-company cutthroat quarterly profit competition that lead to a death spiral of worker productivity and poor long term planning. It’s literally 90+% the fault of the management and corporate culture.
Also, Sears was considered the shoddiest department store in the mall like 20 years ago. Cuz teens are snobby assholes.
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