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.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.