Difference between revisions of "Sears was the most important retailer in America - Why has it collapsed"

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While Sears was started in 1886 by Richard W. Sears and Alvah C. Roebuck, it was not until Julius Rosenberg took over management of the company in 1895 that Sears became the preeminent mail order company in the world. The growing infrastructure of the United States allowed Sears to expand both its catalog offerings and its reach into America.<ref>Vicki Howard, [https://www.smithsonianmag.com/history/rise-and-fall-sears-180964181/ The Rise and Fall of Sears], Smithsonianmag.com, July 25, 2017</ref>Instead of just selling things Americans needed in their homes, it sold 40,000 homes through its catalog from 1908-1945. <ref>Nancy Mitchell, "[https://www.apartmenttherapy.com/a-brief-history-of-sears-catalog-homes-233077 Built from a Kit: A Brief History of Sears Catalog Homes]," Apartment Therapy, Jan 18, 2017</ref>
 
While Sears was started in 1886 by Richard W. Sears and Alvah C. Roebuck, it was not until Julius Rosenberg took over management of the company in 1895 that Sears became the preeminent mail order company in the world. The growing infrastructure of the United States allowed Sears to expand both its catalog offerings and its reach into America.<ref>Vicki Howard, [https://www.smithsonianmag.com/history/rise-and-fall-sears-180964181/ The Rise and Fall of Sears], Smithsonianmag.com, July 25, 2017</ref>Instead of just selling things Americans needed in their homes, it sold 40,000 homes through its catalog from 1908-1945. <ref>Nancy Mitchell, "[https://www.apartmenttherapy.com/a-brief-history-of-sears-catalog-homes-233077 Built from a Kit: A Brief History of Sears Catalog Homes]," Apartment Therapy, Jan 18, 2017</ref>
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Revision as of 21:15, 15 April 2018

Sears had been a prominent retail, mail order and conglomerate in the United States since 1886. The company first become prominent when it revolutionized the mail order business. Next it became a ubiquitous retailer that existed first on the main streets in downtowns and then moved to the fast growing malls in the 1960s and 70. They 1970s and 1980s, saw another transformation. The company's reach extended beyond the mall to insurance, credit cards, and even stock brokerages. In the 2000s, Sears tried to redefine itself again by becoming online retailer. Unfortunately, this last transformation has been disastrous. While the fortunes of Sears have ebbed and flowed over the years, Sears is currently in free fall. Thousands of employees have been laid off and hundreds of stores have already been closed. It's not clear that Sears can survive in any form.

Sears' collapse has been tied to American consumers shift away from America's malls, the rise of Amazon and the leadership of hedge fund manager Eddie Lampert. It is ironic that the company that defined the mail order business has been doomed by its failure to adapt to new internet based mail order business.

The Irony of Sears

[[File: While Sears was started in 1886 by Richard W. Sears and Alvah C. Roebuck, it was not until Julius Rosenberg took over management of the company in 1895 that Sears became the preeminent mail order company in the world. The growing infrastructure of the United States allowed Sears to expand both its catalog offerings and its reach into America.[1]Instead of just selling things Americans needed in their homes, it sold 40,000 homes through its catalog from 1908-1945. [2]

References

  1. Vicki Howard, The Rise and Fall of Sears, Smithsonianmag.com, July 25, 2017
  2. Nancy Mitchell, "Built from a Kit: A Brief History of Sears Catalog Homes," Apartment Therapy, Jan 18, 2017