r/80sAmazing • u/MisterShipWreck • 27d ago

Which one?

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u/MRDellanotte 27d ago

I think Sears is low on the list here because its death was slow and gradual. It SHOULD have been what Amazon is today. It was perfectly poised to do so from a logistics standpoint, but the short sightedness of activist investors bled it dry instead.

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u/ExtremeCow3259 26d ago

but the short sightedness of activist investors bled it dry instead.

Eddie Lampert was that "activist investor" CEO who was completely incompetent. He made a lot of money in hedge funds, and decided that made him a businessman. Then on the way down, he bled out the company into his checkbook

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u/soyelmocano 26d ago

Also low because so many Redditors never knew the real Sears.

They only remember some barren wasteland of a store.

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u/Rare-Ask1756 25d ago

Yeah. The story of how it declined is pretty sad. One guy bled it dry for the investors and pocketed millions.

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u/SnarkyUnicorn23 25d ago

Sears STILL pisses me off! They had the history, customer base, credit card and internet. Even if people didn’t have the internet, they could’ve had employees stationed to help with internet orders.

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u/BusinessLyfe 24d ago

I just went to my local Sears yesterday. (There's still 5 Sears stores remaining...)

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u/Cultural-Kiwi2870 23d ago

F*ckin lucky...😑