https://www.podbean.com/eau/pb-rc7m9-10eeba5
For over a century, Sears was one of this nation’s leading retailers. In the 1920s, you could literally buy a house from Sears. The postwar years saw Sears moving into malls across the land. KMart started in 1962, the same year that saw a number of other discount retailers like Target and Walmart open for business. Throughout the 1970s and 80s, KMart became the go-to place for finding things at a good price. Shoppers were on the lookout for their famous blue light specials.
However, the last decades saw hundreds of stores closed and thousands of employees left without jobs. Soon, Sears and Kmart will be out of business.
The common story is that Sears and Kmart didn’t keep up with the times and they pin the blame on the rise on Amazon. Now the online retail behemoth does have a role in the demise of Sears, but it's only a small role. Actually, the reason Sears and Kmart have vanished from American retail is because of one man- the one-time CEO of Sears Holdings, Eddie Lampert.
In this bonus episode, we hear from retail journalist Warren Shoulberg who has followed Lampert and what he did to Sears. Shoulberg is a long-time expert in all things retail and the right person to talk about why Sears is dying. This part of a larger interview I did with Shoulberg on retail will show up in a few days, but it’s important to hear this story about one retailer and what its downfall says about American society in general. So let’s hear from Warren Shoulberg.
Full Interview with Warren Shouldberg: https://youtu.be/4cO14nCrmqE
Support this Podcast: https://ko-fi.com/dennislsanders
Be sure to rate us and leave a review. Share the podcast with others! Questions? Send an email: denminn@gmail.com.website: enroutepodcast.org
Like the video? Hit the like button and don't forget to subscribe!
#sears #amazon #kmart