Say Farewell To An American Icon

[John V]

Was just a matter of time. It's all been downhill since they canned Roebuck.

[CarveTheFive]

Oh God

“I’m serious!”
“I’m Roebuck! Who’s watching the store?”

My dad said that every time.

[brewer]

I'm going to blame part of the demise on the Kardashian Kollection.

[The Valkyrie]

Farewell American icon.

[Anomalocaris]

Sears normally functions as anchor store in malls and shopping centers.  The presence Of Sears brings customers to the mall, and in return the mall lease premium space to sears at discount rates.   Sears gets a bargain, in return sears makes the other mall tenants  more viable and able to pay a higher rent.

About 10 years ago, a group of “investors” decided there is value to be extracted here, an egg in the goose that can be obtained by killing it.   So they bought sears, created fictitious holding company to take over the favorable long term lease that sears had in malls across America, and used their position on the board to sublet the very same mall space back to sears at exorbitantly higher rate, allowing tge “investors” to pocket the difference, in effect looting sears.   This is how sears died.

Sears didn’t die because of mismanagement.  It died because it’s management made a conscious decision to destroy it in order to extract maximum value from it in sort run for their predatory investors.  They consciously decided to kill the goose and get the egg and run, because it is too complicated to feed the goose properly.

Sears died in exactly the same way as Toys R Us.

[Silver]

Everyone shops at Walmart.

[Minimalist]

I will not go into a WalMart.

I use Amazon.

[Whateverist]

Stopped at a Walmart once on the way to a camping trip when we realized we needed something. They did have it but I haven't been back.

[The Valkyrie]

Never shoppwd at Walmart.

When I'm in the States I won't be shopping there anyway.

[Gawdzilla Sama]

People love to hate Wal-mart. I don't see the difference, they're all monuments to crass commercialism and the need for people to buy food.

As for Sears, I'll just find another source of toilet paper. Someday.