Professor Elam

Monday January 9, 2017

We have made numerous posts on the decline of Sears SHLD. Here is the latest run down.

Apparently the firm needs another $1.5 billion in 2017 to stay afloat. The article describes a CEO who is never at headquarters and rants and raves during meetings, sounds like the true bunker mentality.

This is ironic in that Sears literally invented catalog shopping in the  1890s. Now retail is suffering from on line shopping. Is on line shopping really very different from catalog shopping.
Substitute the internet for the post office or Fed Ex for USPS and the difference disappears. It is simply that Amazon perfected it while SHLD stood still. 

Another article today reports on the decline in mall occupancy. With major retailers cutting jobs and space and SHLD on the way out, no wonder.