The CEO was selling physical locations to his own privately held firm and leasing them back to Sears, increasing their operating costs significantly… And him walking away richer.
And they missed the whole online shopping “fad”. They were the king of print catalogue sales and distribution for a century. All they needed to do was digitize it in an intelligent way. And they didn’t.
I thought they were run into the ground because some shareholder was/is running a scam.
Woulda been fine if you kept shopping there. Murderer.
Sorry I can’t help myself destroying things, I am a millennial. Almost done with golf.
The CEO was selling physical locations to his own privately held firm and leasing them back to Sears, increasing their operating costs significantly… And him walking away richer.
And they missed the whole online shopping “fad”. They were the king of print catalogue sales and distribution for a century. All they needed to do was digitize it in an intelligent way. And they didn’t.