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 - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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