Sears downfall4/6/2024 ![]() In this war of attrition, chief executive Edward S. Other data, too, show a company in retreat. Bezos, founder and chief executive of, owns The Washington Post.) , meanwhile, cleared $1,000 a share last week. Today, its stock trades for less than $10. Sears Holdings’ stock price peaked in 2007 at $195.18, when it was an empire with more lines of business. But maybe the biggest whiff: Executives knew as far back as the early 1990s that they had to wean Sears off its dependency on shopping malls – but its many forays into other store formats never quite worked.Īs e-commerce moves toward its golden age, Sears is an also-ran. Then big boxes such as Home Depot and Best Buy chipped away at lucrative product niches. It lost its focus with ventures into Discover credit cards and Coldwell Banker real estate in an attempt to diversify. The big missteps that brought an American retail icon to the edge of collapse – The Denver Postĭecades of missed opportunities have brought Sears to this. ![]()
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