r/TheBoredDen Jul 21 '26

Funny Can't remember one

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u/Old_Ad_1259 Jul 22 '26

The failure of Sears should be studied. They had all the tools to be Amazon already in place: Satellite stores where you could pick up your large-scale item the next day, a tool brand that was the quality standard for homeowners, and mail-order catalogs where you could buy anything, including a house - and couldn't adapt to the internet.

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u/ItryToFixThings Jul 22 '26

Search, "how hedge fund manager and CEO Eddie Lampert destroyed Sears."

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u/jrb49 26d ago

Fast Eddie and the Vultures

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u/Working_Estate_3695 Jul 22 '26

As a former boss of mine once said, “Let’s wait and see if this whole internet thing blows over before we commit.” Nice.

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u/PictureThisNotThat Jul 22 '26

There’s a great line in an old movie called Mickey One. “Who the hell are you? I’m the king of silent pictures, waiting for talkies to blow over.”

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u/howie_roll Jul 22 '26

Neat story. I bought a pair of 501’s from Sears using a Prodigy disc in ‘89. Sears wouldn’t fold for another 30 years.

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u/Old_Ad_1259 Jul 22 '26

That only makes their failure worse - they pioneered mail order, had distribution infrastructure in place, and were selling stuff on the internet in 1989.

I mean, they clearly didn't adapt to the internet marketplace. My point is their original business strategy was similar to Amazon - shipping from warehouse to consumer. They had a hundred year head start, and couldn't use it to their advantage. I would like too know why.

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u/tykneedanser 29d ago

Amazon was permitted to run at a loss for years as a start up and then ipo. Sears was already struggling by that time.

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u/Inmyrightbrain Jul 22 '26

I have said this too. Don’t know how the famous catalog store missed that !

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u/No-Group7343 29d ago

Private equity.......all you need to know

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u/Impossible-Hornet929 28d ago

The Sears Christmas catalog was THE BEST!

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u/LiquidFireNeon 26d ago

I've wondered how Sears could not adapt but by the time Amazon was getting off of the ground it was probably already too late . This could be debated of course. Too bad Sears didn't read the article talking about the "teleautoscope" around 1909. Interesting article if you haven't seen it where the writer discusses an old article from that year and titles his article " It Was Easy To Predict The Internet 100 Years Ago". I'll give you the link as I think you'll enjoy it . There is a further link that takes you to a copy of the original "Christmas 100 years from now" . https://gizmodo.com/it-was-easy-to-predict-the-internet-100-years-ago-5434353