Pensieri di un lunatico minore

What went wrong at Sears

Julian Delasantellis, writing for Asia Times, looks at what went wrong with Sears:

In this case, nobody thought twice, nobody blinked an eye, when Wall Street took a truly unique American institution, Sears, and turned it from a fine, respected American society matron into a common streetwalker reduced to pimping through the night for Eddie Lampert.

I don’t know how long it’s been since Sears was fashionable, if ever, but growing up, it was a reliable retailer, who generally employed knowledgeable staff in the home and garden areas, and had inoffensive, if nondescript, clothing and other accessories. It was, to seem a bit cliché, where the real middle class shopped. My last time in a Sears was a depressing experience of un-stocked shelves, disheveled and un-knowledgable employees, and a general malaise of doom.

At least someone got rich destroying it.