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Sears lost vision and did not change with the times. 😂

Sam Walton was manager of a five-and-dime (Ben Franklin, I think)...he loved Kmart so much he copied it. Kmart didn't take him seriously and didn't make the effort to compete...that's why KM went under.

Lambert was the gecko of wall street. Selling off the company to line his pockets.

At a time when catalog shopping was growing, especially specialties, customers could open a catalog, call a tool free number, use any Visa or MasterCard credit card, and have the product arrive at their door within one work week. Stupid Sears demanded that customers use a Sears credit card and come pick up the merchandise at a Sears mail order outlet. And stupid Sears decided to get into the real estate business by building a tower in Chicago. Stupid Sears. Their failure was their own fault.

Miss those days, used to be able to get the oil changed in my vehicle while I took my children clothes shopping . And yes the 40 year old kenmore fridge in my garage still works perfectly

Crooks at the top showed no shame with horrible management and dubious decisions. Loyal to sears or hedge fund?

There in Morelia Mexico we still have sears, is still open 👍

I was a senior in high school in 1977. I was on a work co-op program working in the credit department. Back then, people were denied a Sears credit card if they didn't have a home phone. It was an odd shaped card too. I was the one who sent out the denial letters. I bought my aqua colored prom dress there. In the mid 1960's, my dad would cash his Friday paycheck there , very often, and buy a new craftsman tool. And I remember the candy counter in the middle of the store and I always loved the cashews, they were warm from the heat lamps. Those were the days!

My aunt retired from Sear after working 45 years that was her first job and last I used to love go to to buy appliance or tools. That was my favorite store for tools. Like the warranty in American made Into the last couple of years that start selling Chinese tools . It was a shame store. It been For 100 and something years just close down from one day to another that’s what I call back management 😢

I still use my dads craftsman tools on a daily basis. Dad bought these in the mid 50's in Quebec Canada. These tools have travel mileage in the area of 150'000 miles all over the world. Special note to the socket wrench. Still works like a charm and never lets me down.

Two weeks before Sears Canada announced closing we bought a new refrigerator in their store. I was talked into purchasing a warranty which cost me over two hundred dollars. I still remember the manager (an older lady) standing right next to our salesman when he talked us. They said if we don't use the warranty in 2 years, we will get our money back and that sounded like a good deal so we purchased the warranty. Thinking back, the manager was smiling at us in a funny way. After a couple of weeks, Sears declared closing and my two hundred something dollars worth of warranty is gone ! Of course we felt cheated. Sears of course knew they were closing and still kept selling warranty AND I suspect that manager and even the salesman knew too. So Sears was unethical, so are those two employees IF they knew. Until today, we feel cheated by Sears Canada.

It first started out Sears and roebuck. After roebuck got out of it Sears went downhill real fast

People are like... "this raider came in and pillaged this beloved business we all loved, shucks." "yeah, he was a scoundrel alright" Like, No one tried to stop him?? No repercussions?? WTF?

I remember my dad taking me to the Sears in Milwaukee to buy my first bicycle in the early 1950's

I loved sears ..my mom would bring me there every year and buy me some clothes..shoes and a jacket..

Was it where you got your first bike tho?

My first tool set was Craftsman tools when I turned 16 and got my driver's license. I have a ton of Craftsman tools from when I used to do aircraft maintenance. If anything broke I could replace the tool by the next day, which I couldn't do with Snap-On. I stopped buying Craftsman tools when they started making them in China and the quality went down. Such a shame that an iconic American business got destroyed.

I have Joe boxer blue suede boots❤

I worked for Sears for many years and they basically did three things that doomed them. 1. The last good CEO pushed in his son in law as the new CEO and he knew nothing about running it. 2. Got rid of full time employees who gave a crap and hired part timers to "save money" 3. Didn't listen to their I.T. Staff and create a strong online presence. They instead invested in mall stores when those were on the way out. They had a huge war chest and already had the distribution network in place and long paid for but no they let Jeff Brazos have that.

It's so sad what a bad administration can do to an icon firm of our American life. Someone needs to bring back our Sears.

My first job in 1962.

What happened to Sears? First came Walmart and then came Amazon. People were “inventing a better mouse trap”. And life moves on. My grandfathers house was a Sears home. When we tore it down we could see the boards that were stamped Sears Roebuck.

Why this narrator keep repeating himself brah?

I even remember short block engines was able to buy in the shop, examples was in the store displayed the smell of new and glossy parts was wowww

Thank you, that was my childhood on 70`s great comeback to that time

Next up: The rise and fall of the '.99 Cents Only' stores!

The owner or CEO of Sears and Lowes closed Sears stores because they weren't making enough money for him. He kept Craftsmen tools and now sells Craftsmen in Lowes and Ace Hardware stores.

When I was growing up (early 60's) my grandmother referred to their catalog as the "Dream Book"

Sears still exist; in Mexico. Radio Shack still exist; in Mexico. PAY PHONES still exist... in Mexico. So I take it when some folks say, "all those Mexicans are taking away American jobs", they must be correct.

I still wear 2 sweatshirts I got before oldest was born he's 48. They're a little rough but wearable. Loved the Christmas catalogs and miss them!!!

well that was a pretty shallow version on why it failed.....

I wanted those DANG Sea monkeys so BAD ..I saved my quarters and taped them to a card with the order form from BOY'S LIFE magazine ...and Mom saw the FLAG up on the mailbox AND INTERCEPTED THE ORDER >>>BOY WAS I MAD!!!! Ditto FAKE SIDEBURNS and LIVE SEAHORSE ..it was like living behind the IRON CUTAIN!! nothing got past her!!!

I remember leases for Apts that expressly forbade WATER BEDS ...they weighed tons and were a disaster if ruptured...and without a frame would roll across a room!

I still buy Tang!

...as the saying goes, "Nothing lasts forever". Glad I got to know the Sears experience.

That shampoo smelled awesome!!!

Not long ago, I was hospitalized in the VA, with a veteran, who actually bought a LIVE DONKEY, from Sears, in 1936! It was shipped by rail, he had to go to his local train station to pick it up. He was 8 years old, at the time. That has to be one of the most far out things, that Sears ever sold!

Sears fashion models were many a boy's first crush. 😊

Miss the Xmas catalog!

Free shipping on the backs of American taxpayers. Temu is doing the same thing.

My parents were Kenmore loyalists, everything in our home had that logo on it, from washer & dryer. Gas stove, dishwasher, microwave, vacuum, sewing machine and trust me when I say those appliances were built to last.

I worked in Brand Central for nearly eight years and when I started long time co-workers told me that Sears management had been hostile towards sale people for years and want to keep commissions down. Sears started forcing long term employees out and replacing them with incompetent kids. This trend along with Allen Lacey/ Ed Lambert stock scheme (effectively a hostile takeover over) spelled the end of a 100 year plus company. Business experts called Lambert’s vision a realistate deal to sell off assets, which is exactly what occurred. People sell the product not corporate officers.

They sold out

The underware section of the catalog. L.O.L.

Sears was the first Amazon!

What about Lauda Air, US Airways ?? I miss People's Express and the brown bag lunches you got to grab from the cool as you boarded the airplane. People are glad to forget TRUMP airlines. If still around it would be a huge target for terrorists.

My dad growing up as a kid would go to sears that was attached to the local mall and that's it. I remember when sears was closing down I went to buy some clearance on tools and the prices were still more expensive than home depot. The old sears by me is now is a hobby lobby

Fantastic great godbless

Did I miss the return to Kresge?

KMart sandwich.