The man who flushed Sears down the toilet

[moonshaz]

Ayn Rand-loving CEO destroys his empire

Comments

[darth_eldritch]

When are people going to get it that Ayn Rand created an ideology based on capitalism, not a practical business method?

Yeah, when their greed finally bites them in the ass, after destroying the economy and the quality of living for so many.

[mollywobbles867]

Needs "invisible hand of the free market" tag.

[moonshaz]

Added! I didn't even know that tag existed, so thanks. I looked for a "free market" tag, but didn't know it was under something else.

[nicosian]

That explains some of it! The Sears nearest us is closing and I feel for those losing their jobs but it's not a surprise sales tanked.

They cut sales staff to the point there's maybe a 3 cashiers some of the floors and its an immense store. Just not one to be found when you need one. ( contrast the Bay where you can't move 20 feet without finding a clerk!) and then some harebrained notion where online Sears prices did not get honored in store, but no indication was made of this. It started feeling like a bit of trickery going on.

The free market spoke: they went shopping at places that have merchandise people want, prices people want, service people want.

[ms_mmelissa]

I noticed that Sears was declining in quality for the last few years but I thought it was just within my city. There was a huge one in the downtown mall of my city that was shut down early this year. This article explains so much sadly.

[clevermanka]

This makes me so sad. My city lost its Sears a couple years ago. We went there a lot (because tools and appliances and sports equipment are popular items in our household) and the staff was always super nice and friendly.