Professor Elam

Friday August 26, 2016

I have seen a couple of movies where the heroes were being chased. The heroes were on a wood burning train or a ship with a fired boiler. Out of fuel, in each instance they began

tearing up the wood in the train or the boat to fuel the boiler. So it was a question would they consume their vehicle before reaching safety?

That seems to be the case for Sears Holdings.  Now former whiz kid Eddie Lampert wants to sell Craftsman, Kenmore, and Diehard. I suppose Sears would still sell those brands as well. But gee what's left here?

Sears invented catalog shopping in the 1890s. Today that is online retailing, not much difference really. But it is just a matter of time until Lampert puts the real estate up for sale and Sears Holdings goes the way of Woolworth.