jay_sugman t1_iqswk3f wrote on October 2, 2022 at 9:12 PM

Reply to comment by myrmad0n in Connecticut's last SEARS closed in early 2021 - Manchester CT by ILovePublicLibraries

Sears was systematically gutted by the CEO to squeeze all the value out until there was little left. https://prospect.org/economy/sears-gutted-ceo/

myrmad0n t1_iqsx1bc wrote on October 2, 2022 at 9:15 PM

Turns out, we're both right https://www.businessinsider.com/eddie-lamperts-sears-strategy-disaster-2013-7

bignotion t1_iquq4fs wrote on October 3, 2022 at 6:12 AM

I'm not sure you can call the hedge fund douchebags exactly "the power of competition". At least in the sense that the phrase is intended. Let the best product win, but these guys are stacking the deck.

https://www.cnn.com/2018/10/16/investing/retail-sears-private-equity/index.html

jay_sugman t1_iqszuwl wrote on October 2, 2022 at 9:33 PM

Thanks for sharing.