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Today, Sears declares bankruptcy in the US. But, it is a day we have seen coming for 20 years. I thought it was a cool job. I also know of many great people who have worked at Sears over the years. From what I heard, they were extremely frustrated by the poor moves or lack of moves by senior leaders. Too little, too late.

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The reasons why Sears went bankrupt

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You are now logged in. Forgot your password? Sears files for bankruptcy. Before Amazon, before Walmart, there was Sears—one of the very first retailers built to sell just about anything to just about anyone. Its demise offers a lesson in the history of American retail and the value of creative destruction. But the store has struggled to keep up with the changing retail environment brought on by big-box competitors like Home Depot and Best Buy, which devoted Sears-size stores to a single retail category, providing far greater selection in the process. Walmart, meanwhile, used its buying power to sell goods at deep discounts and offered grocery sales, luring in daily customers that Sears struggled to reach.
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I hate to see Sears close. I know they have been struggling for some time. It is hard to find a clerk in the mall store. I remember going to a big store on Ross Avenue in Dallas with my Dad. He was a tool junkie and Sears was the go to place.
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