Years ago, Sears Holdings chairman Eddie Lampert came to our attention by publishing a 15-page manifesto about pretty much everything. Since then, Lampert has taken on the job of CEO, despite not having any experience in the retail business and having what at times seems like an active dislike of the retail business. He periodically issues mini-manifestos for employees and for the public about how everything is fine, and published another this morning. [More]
According to Eddie Lampert, CEO and Chairman of Sears Holdings, the company is in the middle of a “transformation” into a profitable enterprise that integrates online and offline retail. Yet everyone from former high-ranking executives to anyone who has ever set foot in a Kmart says the retailer is in an inescapable death spiral. [More]
Last week, Sears all but admitted that it was looking to cast off the little that remains of its identity with the possible sell-off of its signature house brands Kenmore, DieHard, and Craftsman. What the heck happened to this once-great pillar of American retail? A number of industry insiders have their theories, and they aren’t pulling punches. [More]
The elder ones among us may remember a time when you had to leave the house to see a movie, even if you were going to rent it at Blockbuster Video and watch it on your tiny 48″ TV. While the merciless VHS blight of 2013 killed off most of the remaining Blockbuster stores, a hearty handful remained, wandering the strip malls of America in search of sustenance. That’s why we’re sad to report that the Netflix diaspora now has four fewer among its ranks. [More]
Along with McDonald’s, Sears is one of the biggest national brands most associated with the city of Chicago. Many people still refer to the soaring Willis Tower as the Sears Tower, even though the company fled the building for the suburbs nearly 20 years ago and gave up the naming rights in 2009. Now the once-great retailer is set to distance itself further from the Loop with news that it will shutter a flagship store in the city it once called home. [More]
There was a time when many of us got our videos at Blockbuster after shopping for a Sony Discman at Sears, all while talking on our Motorola phone. All of these companies have had their glory days, but now they’re on the U.S. News & World Report’s list of 10 Companies That Have Lost Their Edge.