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Re:Sears has another chance to avoid closing down by lotsofpulp on Tuesday January 08, 2019 @12:10PM (#18857202)
If a restaurant is located in an area that has no customers interested in better ingredients or food, then it will lose business to competitors. And Sears' customer experience has been terrible for a couple decades, but from all accounts I've heard it was great in its heyday. What changed, and this is my conjecture of course, is the introduction lower cost options such as Walmart, Home Depot, Amazon, etc, that revealed that Sears' clientele were not willing to pay a premium for their products in exchange for whatever extra Sears was offering (in this case I'm assuming better staff at the stores via Sears offering better pay and benefits).
Re:Sears has another chance to avoid closing down by jakelazaroff on Tuesday January 08, 2019 @12:23PM (#18857324)
> Sears' customer service has been terrible for a couple decades, but [...] was great in its heyday.

Wouldn't "worse customer service" be the change that allowed other retailers to eat Sears' lunch, then? You say Sears' clientele were not willing to pay a premium for whatever extra Sears was offering, but by your own words they haven't actually offered anything premium for a long time.

More expensive and better is a viable value prop; more expensive and worse is not.

Re:Sears has another chance to avoid closing down by lotsofpulp on Tuesday January 08, 2019 @12:59PM (#18857710)
Yes, but I think it takes a while to switch a company's atmosphere, and they also have or had a ton of defined benefit pension liabilities on the books that other retailers didn't.

Sears catered to the giant American middle class, and while I'm sure that mismanagement was a huge part of its demise, I also think the declining spending power of the American middle class also contributed.