@@Underratedtoxique No. It was doing poorly but had a million ways to turn around or at least survive. He bled the company dry, always, *always* choosing to pay out dividends to shareholders instead of investing in the company. And of course, his investment company was the top shareholder. I was there up until 2016. He broke the company up and sold off valuable assets until it was a shell of itself. And then, finally, he bought the shell for a fraction of what it had been worth. In fact, Sears Holdings (old Sears) just settled its lawsuit with his company, and he had to pay millions for how he had screwed them over.
I worked at Sears for 13 years almost 14 😢. Sears was my life and i had so many great life experiences and I have meet some amazing people too. Thank you Sears........we are sears
Sears really squandered the opportunity to be the Amazon of today. They had all the infrastructure in place to become what Amazon is now. The combination of not taking online sales seriously enough, and having CEO Eddie Lampert literally taking the company apart by selling off its properties and then forcing Sears to rent those properties back at exorbitant rates. He bled the company dry. Tragic... 😔
Sears was able to get you a real estate agent, give you a mortgage to buy a house from that agent, sell you insurance for said home, give you a credit card to go buy stuff to fill that house from where else, but from Sears!
This spring the final sears store here in New Jersey will be closing this store forever. And there will be no more sears stores here in New Jersey forever. Goodbye sears we will miss you too.
My grandmother worked there for 30 years. She loved that place and I loved going with her to window shop when I was a little dude in the 90’s. I miss those days.
@@thJune I made good money selling appliances in college circa 2010, though the career people were all gone by then. It's been sad watching it die such a slow death.
God, Sears Roebuck was still #1 back then. This makes me so sad. I actually thought Sears was going to claw its way back. SMH God I LOVED my Discover card! It really DID pay to Discover! And they gave me A $12,000 limit! And my Sears Premier card had an obscene limit as well. I used to buy electronics, Kenmore appliances and Craftsman lawn mowers! Not to mention many DieHard batteries and tires!
Yeah, Sears, Roebuck, and Co. really did have a chance numerous times. The reason it had trouble in the 90s was due to several new competitors (Walmart, Home Depot, etc). During this time, it underwent the largest reorganization for a company with the softer side campaign. And it worked! It survived the rest of the 90s. However, when the 2000s came around, Sears was having trouble changing in the ever evolving retail industry. So, Kmart bought Sears for $11 billion forming Sears Holdings. This was a genius move on the two companies since they could help each other in the industry. What unfortunately led to its decline in the 21 century was that the existing properties were not improved/renovated. And now we are here, with over 10 years in decline, the bankruptcy of Sears Holdings, and the creation of Transform Co. Looking back at the history is quite sad. Sears provided so many products (Craftsman, Diehard, Kenmore, the LXI Series, the list goes on). In my opinion, I would blame Eddie Lampert for asset stripping the company, but it is too late to do anything about it. Luckily, a lot of these brands still exist! Craftsman with Black and Decker; Discover, Coldwell Banker, Allstate, Lands End as independents, Diehard with Advanced Auto Parts.
@@johnwilliamgardner6609 I totally agree with you on Eddie Lambert and your analysis is very insightful. Yeah I just bought a Die Hard battery at Firestone... Used to only get 'em at Sears.
@@johnwilliamgardner6609 Eddie is 1000% to blame. What confuses me is that he had a poor single mother. You know how she put food on the table? She was a cashier at K-Mart. It makes me despise him for destroying that legacy for a few dividend payouts even more.
Lasted up until eddy lambert took over and now we can say we was sears.
🎵 It ends in tears, and confirms all your worst fears... goodbye sears 🎵
K mart had the same fate
@@Underratedtoxique No. It was doing poorly but had a million ways to turn around or at least survive. He bled the company dry, always, *always* choosing to pay out dividends to shareholders instead of investing in the company. And of course, his investment company was the top shareholder. I was there up until 2016. He broke the company up and sold off valuable assets until it was a shell of itself. And then, finally, he bought the shell for a fraction of what it had been worth. In fact, Sears Holdings (old Sears) just settled its lawsuit with his company, and he had to pay millions for how he had screwed them over.
I worked at Sears for 13 years almost 14 😢. Sears was my life and i had so many great life experiences and I have meet some amazing people too. Thank you Sears........we are sears
If history really repeats itself, then it's time for Sears, Montgomery Ward, Service Merchandise and shopping malls to come back and amazon to scram
they had better pay and benefits than the WalMart Associate Choir
The death of the middle class was the death of sears.
Id almost go as far to say the death of Sears WAS the death of the middle class.
@@felixhebert7327 the middle class died with Reagan
Sears was the Amazon of its time.
maybe prodigy was little ahead of it's time
Sears really squandered the opportunity to be the Amazon of today. They had all the infrastructure in place to become what Amazon is now. The combination of not taking online sales seriously enough, and having CEO Eddie Lampert literally taking the company apart by selling off its properties and then forcing Sears to rent those properties back at exorbitant rates. He bled the company dry. Tragic... 😔
KNOW WHAT?
YOU STILL ARE.
YOU WILL ALWAYS AND FOREVER BE.
Ads should not be allowed to slap this hard
Sears was able to get you a real estate agent, give you a mortgage to buy a house from that agent, sell you insurance for said home, give you a credit card to go buy stuff to fill that house from where else, but from Sears!
You used to be able to even order the home from Sears and it would show up ready to assemble.
Don't forget the whole house warranty!
The Sears Centennials
will sing once more.
At Amazon's funeral.
And the rebirth
- of the World's Greatest Store!
I love this new brand of corporate art pop
It's like if Kate Bush ran a cult AND a department store.
Such an apt description!!
Eddy the sears slayer
So Sad. Sears is gone
This spring the final sears store here in New Jersey will be closing this store forever. And there will be no more sears stores here in New Jersey forever. Goodbye sears we will miss you too.
Best job I ever had were the 7 years I spent at Sears, Roebuck, and Company.
My grandmother worked there for 30 years. She loved that place and I loved going with her to window shop when I was a little dude in the 90’s. I miss those days.
@@thJune I made good money selling appliances in college circa 2010, though the career people were all gone by then. It's been sad watching it die such a slow death.
Thank you so much for reuploading it! I had been looking for it and thought they finally pulled it 😭
Sears forever!
Damn , sears 100 anniversary in the 80's
We are Sears
I don’t think they’re going to make it to 200
🎵Skinner and his crazy explanations...🎵
The Superintendent’s gonna need his medication!
We have to travel to Massachusetts to the final open store here at sears.
God, Sears Roebuck was still #1 back then. This makes me so sad. I actually thought Sears was going to claw its way back. SMH
God I LOVED my Discover card! It really DID pay to Discover! And they gave me A $12,000 limit! And my Sears Premier card had an obscene limit as well. I used to buy electronics, Kenmore appliances and Craftsman lawn mowers! Not to mention many DieHard batteries and tires!
Yeah, Sears, Roebuck, and Co. really did have a chance numerous times. The reason it had trouble in the 90s was due to several new competitors (Walmart, Home Depot, etc). During this time, it underwent the largest reorganization for a company with the softer side campaign. And it worked! It survived the rest of the 90s.
However, when the 2000s came around, Sears was having trouble changing in the ever evolving retail industry. So, Kmart bought Sears for $11 billion forming Sears Holdings. This was a genius move on the two companies since they could help each other in the industry. What unfortunately led to its decline in the 21 century was that the existing properties were not improved/renovated.
And now we are here, with over 10 years in decline, the bankruptcy of Sears Holdings, and the creation of Transform Co. Looking back at the history is quite sad. Sears provided so many products (Craftsman, Diehard, Kenmore, the LXI Series, the list goes on). In my opinion, I would blame Eddie Lampert for asset stripping the company, but it is too late to do anything about it.
Luckily, a lot of these brands still exist! Craftsman with Black and Decker; Discover, Coldwell Banker, Allstate, Lands End as independents, Diehard with Advanced Auto Parts.
@@johnwilliamgardner6609 I totally agree with you on Eddie Lambert and your analysis is very insightful. Yeah I just bought a Die Hard battery at Firestone... Used to only get 'em at Sears.
@@johnwilliamgardner6609 Eddie is 1000% to blame. What confuses me is that he had a poor single mother. You know how she put food on the table? She was a cashier at K-Mart. It makes me despise him for destroying that legacy for a few dividend payouts even more.
I really like this video and it makes me want to sing! I can sing very proudly and I have a great singing voice!
I remember SEARS, where America used to shop. They could have been what Amazon is today. To bad SEARS management had no imagination.
I bet if company’s like Sears and KMart still were around, not everything would be cheap Chinese crap
The only way I can pay tribute to Sears now is by buying old craftsman tools on eBay lol
We Are NOT Sears
We are closed.
We’re an empty waste of space.
We are closed.
Search for jobs tomorrow.
We’re the family America has forgotten.
Aaaaah, we are closed.
It’s 2023… this music video has not aged well.
And to think *_SEARS_* C R E A T E D. Discover, AllState., owned Coldwell Banker and Dean Witter and now is nothing more than a faded memory.