Ah you touched on one of the reasons for their downfall and didn't know it! The credit card thing, before MasterCard and Visa the Sear's card gave them an advantage, if you put it on your Sear's card and made monthly payments they could sell you the product at a loss and still make money. All that money coming in in interest was just to darn juicy for them to ignore and eventually they became more interested in being a "financial services provider" than a retailer, heck it was more money, less work and less exposure on liability. They became less focused on the products and markets for them and more on the loaning of money. It would even follow that they located their stores in areas that would have a larger percentage of credit sales which might indicate they were putting stores into or not moving stores out of marginal areas. We can armchair quarter back here but the simple fact that whether you like them or not Walmart sprouted up under the nose of Sears & Roebuck, as did Home Depot, Staples, Lowe's, Best Buy, Carmax, Amazon, Fastenal and Costco. If they would of kept their eyes focused on retail they might of captured some of those opportunities and still had profitable retailers in their portfolio making maximum use of their logistical infrastructure. My only question is when Sears holdings folds what happens to Lands End?
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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