Thursday, October 18, 2018

Sears: How a pioneering brand found itself left on the shelf

Boston Business Journal
As sometimes happens, Donald Trump said it best. “[For] somebody that is of my generation, Sears Roebuck was a big deal,” he told reporters on Monday, discussing the “sad” news that the retailer had filed for bankruptcy protection.

The US president is 72, and that is the biggest problem facing Eddie Lampert, the hedge fund manager who has run Sears since merging it with Kmart 13 years ago: most subsequent generations of Americans don’t remember a time when it was a big deal.. . . more