When I was a kid it was normal for parents to let their kids read the huge yearly Sears catalog to get ideas or pick gifts. By then they'd stopped selling items like firearms and houses but had pretty much everything else.
If they had the foresight, they should have become a better version of what Amazon is now.
And now, decades later everything is full circle. I avoid Walmart and Amazon like the plague and try to only shop at smaller outlets, whether brick-and-mortar or online. It might be slightly more expensive but I assume that's just the tax you pay to avoid a corporate monopoly hellscape.
1911: https://archive.org/details/sears-roebuck-catalog-122-spring...
1922: https://archive.org/details/SearsRoebuckAndCoCatalog1922_201...
When I was young, they were especially known for their tools:
1974/1975: https://archive.org/details/SearsCraftsmanPowerAndHandTools1...
More here:
https://archive.org/search?query=title%3A%28sears+catalog%29...
Same guy dug the original ditch by driving back and forth with his jeep for an hour during spring rain. This gives a perspective on his can do attitude.
But really, I'm living in the house still, so it can't be that bad.
wtf? how deep is the ditch?
This is empirically the default operational behavior. It should always be assumed as opposed to our current strategy of always being baffled and shocked that it happens.
We could be serious about this and restructure incentives away from naked kleptocracy to avoid it.
I mean we never will, but we could...
It's no small irony that Buffet's retirement aligns with the close out as an iconic holdout of long view valuation - even his more recent moves I think showed some retreat from his previous values. Perhaps not really his direct fault, but he had fewer and fewer good investment options as time went by.
They were Amazon before Amazon, but just didn’t realize it.
By the end, in a lot of their stores they would have people with iPads walking around accepting payment right there in the aisles.
People also forget that what helps build sears’ reputation was their supply chain and curation, they mostly sold brands of good-quality stuff, a lot made in America too! They would rebrand good but basic quality items (like a wrench or sewing machine, or a shotgun or a guitar) and keep it running for years or decades.
My dad was given a shotgun in the 1950s, a Remington made sears-brand. It was, apparently, great! He used it a lot for like half a century.
I feel like a big part of the downfall was the huge lumbering corporate culture unable to cope with JIT supply lines and race to the bottom economies of consumer goods.
Oh well!
i think its simpler than that. they got so big that they didnt pay any attention to all the waste, e.g. all the ad time that they spent on the old "I'll call today" A/C commercial.
If those ads were pennies compared to other spots, it could be deemed worth it. Parents often are nearby when kids are watching TV.
I wanted the manual.
Sears parts still existed, and they shipped me a complete copy of the manual(photocopied) for 10 bucks.
Manual listed all parts, breakdown, etc. I was able to confidently order parts, keep it running for a decade.
That was one reason Sears was so liked.
(for reference, my new mower manual has as much detail, I checked before I bought)
Sears' jewelry was... definitely marked up. This is from a SNC (SEARS Network Communicator, just a fancy term for their Symbol PDTs) showing true cost on a "$1299" necklace. $1299 down to $324? What a steal! It still only cost Sears a hundred bucks.
https://m.youtube.com/watch?v=4rqZZgVxnCk&pp=ygUMaWxsIGNhbGw...
The weird market of things-on-kids-channels-for-adults was always to try to turn the kid on the parent to use them to close the sale ;)
The OLD Radioshack, obviously.
bookofjoe•4d ago