jocco, I believe you are on the right track. I do not see Sears/KMart being on the scene in the future. Much of this is due to poor management, being largely the inability of management to accurately anticipate change in customer preference, as well as change in general. For many years companies such as S.H.Kress, F.W.Woolworth, Montgomery Ward and Sears, Roebuck & Co. were icons of the business world, and the working class of this country depended on them for their needs. Over the years Sears offered just about everything under the sun in their catalog, accurately anticipating change by adding items and dropping others. I think one will find that during the rise and fall of any major business this will be the case. Eventually, someone will take control who has insufficient business savvy, and the downhill slide begins. I began my career with Sears Mail Order in mid 1958, the first five years I was there they had two stock splits, each a two for one split. The existing management in Chicago was brilliant. But later, (in the seventies, probably) we were attending a meeting one day and someone asked the general manager of our facility what he thought about K-Mart and WalMart. His reply? "They will NEVER catch us!" I might add here that one must keep in mind that when you are king of the hill, there is always someone climbing said hill with the intention of knocking you off! But by this time attitudes were changing and Sears was expanding into unknown waters too fast and they lost their u-know-what by doing so. In 1984 a man named Edward Brennan was appointed CEO of Sears. Coincidentally, in 1988, his brother, Bernard Brennan, was named to head Montgomery Ward. And we know what happened to both companies. Sears is now controlled by one man, Edward Lampert, who although has been successful with other endeavors seems to be having difficulties getting a grip with Sears. I have questioned his "logic" concerning selling the major brand names of Sears in other stores. His logic is that the name, (such as Craftsman, Die Hard, etc.) will sell itself) and it may, BUT, if a customer goes to a Sears store for one of these names, they are likely to purchase something else while there, adding to Sears profits, while if said customer goes to "Fast Eddies Hardware" for a Craftsman wrench and buys something else while there, Sears only gets a commission from the sale of the Craftsman wrench. How much sense does that make? Lampert is a hedge fund operator, and seems to have in mind breaking up and selling off Sears by bits and pieces, and anything that is left will go into the dumpster.
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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