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Post by Don on Oct 16, 2018 14:09:03 GMT -5
Some interesting backstory about Sears and their impact in the Jim Crow era. Sears did well by doing good, once upon a time.
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Post by Deleted on Oct 16, 2018 17:48:02 GMT -5
I really am sad that Sears disintegrated as it did. There are retailers and there are retailers -- Sears is part of American history.
So ironic that they started the whole mail order thing -- and yet failed to get onto the internet sales thing effectively and in a timely fashion.
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Post by Don on Oct 16, 2018 18:37:00 GMT -5
I really am sad that Sears disintegrated as it did. There are retailers and there are retailers -- Sears is part of American history. So ironic that they started the whole mail order thing -- and yet failed to get onto the internet sales thing effectively and in a timely fashion. As Steve Horwitz, Distinguished Professor of Free Enterprise at Ball State University said when asked ""Is this a sad day for America?" This is what creative destruction is all about. Sears management rested on its laurels too long. They could have been Amazon. Too bad they weren't heavily unionized like the auto industry, or as well-connected as the banking industry. Nobody even mentioned a bailout. Obviously there were not enough votes or campaign contributions available to purchase one. ETA: Note that Amazon is viglinked, but Sears is not.
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Post by Deleted on Oct 16, 2018 18:46:53 GMT -5
I'm sentimental. There are certain iconic American brands and I just can't help but feel bad to see them die. And others I simply associate with childhood (Toy-R-Us). Sears is actually both for me. I don't like to see things die (well, unless they are awful, cruel things that do harm).
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Post by Don on Oct 16, 2018 19:01:26 GMT -5
When you mix sentimentality and economics, you get economic zombies drinking taxpayer blood to avoid total decomposition.
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Post by Don on Oct 16, 2018 19:03:33 GMT -5
"This bailout shows that markets are no longer working and that politicians are now sovereign." would be a much more disturbing situation, IMO.
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Post by robeiae on Dec 28, 2018 15:51:42 GMT -5
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Post by prozyan on Dec 28, 2018 20:25:25 GMT -5
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Post by robeiae on Dec 29, 2018 8:48:45 GMT -5
Honestly, I don't see the point. Yes, it's an historic company, but we need to let companies go when they're no longer sustainable (we need to do the same with sports teams0, as opposed to trying everything under the sun to "save" them. I hope the creditors reject the bid.
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Post by haggis on Dec 31, 2018 15:46:04 GMT -5
Honestly, I don't see the point. Yes, it's an historic company, but we need to let companies go when they're no longer sustainable (we need to do the same with sports teams0, as opposed to trying everything under the sun to "save" them. I hope the creditors reject the bid. What are you saying? Think of the outhouses that won't have any more catalogues!
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