波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Reporter's Journal

Bankruptcy filing a sad footnote for Sears, the Amazon of its day

By William Hennelly | China Daily USA | Updated: 2018-10-19 23:06
Share
Share - WeChat
The Willis Tower, formerly the Sears Tower and company headquarters, seen in 2009. DANIEL SCHWEN

For at least a century, Sears was the go-to retailer for the American shopper.

Whether it was Craftsman tools, Diehard batteries, Kenmore washers and dryers or Kings Road slacks, Sears provided. The goods weren't flashy, but they were affordable and made to last.

The Sears catalog, which debuted in the 1890s, was revered by shoppers, who couldn't wait for it to be delivered.

But with Sears' bankruptcy filing on Monday, the realities of the internet age have set in. Sears can't get enough people in its stores, and those consumers have many other options, such as Amazon, eBay, Walmart, etc.

The company failed to roll with the punches the way say a Walmart has, whose department stores and website have prospered.

Also, 80 percent of Sears stores are within a 15-minute drive of competitors Home Depot, Lowe's and Best Buy, and 71 percent of Kmart stores that are owned by Sears' parent company are located within 15 minutes of a Walmart supercenter.

"Once you lose your customers, once they're not in the store anymore, it's the end of the game," James Schrager, a professor at the University of Chicago's Booth School of Business, told the Chicago Tribune.

"For somebody of my generation, Sears Roebuck was a big deal. ... Sears has been dying for many years, it has been obviously improperly run for many years, and it's a shame," US President Donald Trump said on Monday.

Sears listed $6.9 billion in assets and $11.3 billion in liabilities in documents filed in US Bankruptcy Court in New York. Last year, Sears sold its iconic Craftsman tool brand to Stanley Black & Decker for $900 million.

The filing by Sears Holdings Corp, parent of Sears, Roebuck & Co and Kmart Corp, follows a decade of declining revenue, store closures and deals by hedge fund billionaire Eddie Lampert in an attempt to revive the company he acquired in 2005 for $11 billion.

Lampert said Sears would close 142 more of its 700 stores near year-end, not counting the 46 it already plans to shutter. Now based in Hoffman Estates, Illinois, Sears, which has not had a profit since 2011, has set up $300 million in debtor-in-possession financing to operate and pay workers during its restructuring attempt.

The bankruptcy filing came more than 130 years after Richard Sears moved his business to Chicago, where the former watch company would become a world-class retailer.

In 1973, Sears moved its headquarters to the Sears Tower, Chicago's most famous building, which for more than two decades was the world's tallest. It was sold in the mid-1990s and was renamed the Willis Tower in 2009.

"When the company was the pre-eminent retailer in the world, they could have responded any number of ways … and they never did anything important enough," Neil Stern of consulting firm McMillanDoolittle told the Chicago Tribune.

Lampert — who, along with his hedge fund ESL Investments lent Sears $1.6 billion over the past two years — had insisted the company was serious about a turnaround.

"Sears could have maintained pre-eminence and, in the digital era, elbowed out Amazon and other retailers. Some companies do preserve and build on success through reinvention. Look at McDonald's," the Tribune said in an editorial Monday.

Joe Nocera, in a Bloomberg Opinion piece, wrote about visiting a Sears for the first time in 30 years, in Brooklyn.

"I found myself facing an enormous Art Deco structure, built out of cement, with the words Sears Roebuck & Co etched proudly over several massive doors that appeared to be permanently closed. It was highlighted by a square tower that made it look more like a medieval castle than a retail store.

"Then I walked around the back where the entrance was. … Inside the store, lighting was terrible: Some areas had bright lights, while others were so dim I could barely make out the prices on the merchandise. Many of the carpets were stained. I saw wires that had fallen through the ceiling tiles. The shelves, some of them chipped or warped, were stocked with cheaply made goods. It reeked of neglect."

Amazon, if you're listening, Sears has plenty of brick-and-mortar buildings in good locations that could serve as distribution centers.

Contact the writer at williamhennelly@chinadailyusa.com

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒
六月丁香婷婷久久| 欧美大波大乳巨大乳| 欧美特级一级片| 国产日韩av一区二区| 精品一二三四区| 国产伦精品一区二区三区视频女| 日韩午夜av一区| 奇米精品一区二区三区在线观看一| 中文字幕天堂av| 69精品人人人人| 日本怡春院一区二区| 亚洲男人在线天堂| 精品少妇一区二区三区日产乱码| 日本亚洲天堂网| 亚洲久久久久久久| 欧美精品一区二| 国产精品亚洲视频| 老熟妇高潮一区二区三区| 国产精品色呦呦| www.日韩在线| 欧美日韩精品一二三区| 亚洲地区一二三色| 双性尿奴穿贞c带憋尿| 精品奇米国产一区二区三区| 精品一区二区三区久久| 天美传媒免费在线观看| 中文字幕欧美日韩一区| 99久久免费视频.com| 在线免费观看日本一区| 亚洲图片一区二区| 在线 丝袜 欧美 日韩 制服| 欧美精品一区二区三区很污很色的 | 在线亚洲一区二区| 亚洲一二三区在线观看| 国产精品嫩草av| 久久久影视传媒| 波多野结衣亚洲| 欧美精选午夜久久久乱码6080| 五月开心婷婷久久| 日本一级免费视频| 1024国产精品| 免费日本黄色网址| 久久网站最新地址| 成人av在线播放网站| 欧美裸体bbwbbwbbw| 久久99国产精品尤物| 亚洲成人生活片| 亚洲第一久久影院| 国产传媒在线看| 亚洲免费av在线| 国产伦精品一区二区三区妓女 | 亚洲欧美日韩电影| 大乳护士喂奶hd| 欧美国产欧美亚州国产日韩mv天天看完整| jiyouzz国产精品久久| 欧美一区二区三区在| 国产精品一卡二卡| 欧美日韩国产综合一区二区 | 欧美人狂配大交3d怪物一区 | 免费在线观看一区| 成人免费黄色小视频| 图片区小说区国产精品视频| 日韩av毛片在线观看| 亚洲一区在线免费观看| 欧美激情 一区| 亚洲夂夂婷婷色拍ww47| 亚洲一二三精品| 亚洲国产视频在线| 国产黄色片在线| 亚洲成人av一区二区三区| 亚洲精品自拍视频在线观看| 亚洲午夜在线电影| 激情五月激情综合| 日韩精品久久久久久| av女名字大全列表| 麻豆视频一区二区| 欧美体内she精高潮| 国产在线精品一区二区夜色 | 日韩丰满少妇无码内射| 亚洲精品日日夜夜| 国产又粗又硬视频| 视频一区二区三区在线| 成人免费毛片东京热| 久久av老司机精品网站导航| 欧美久久久久中文字幕| 岛国一区二区在线观看| 亚洲精品一区在线观看| 在线观看免费视频黄| 亚洲欧洲综合另类在线| 永久免费观看片现看| 日韩成人一区二区| 欧美日韩综合在线| www.成人在线| 国产精品人成在线观看免费| 精品成人av一区二区三区| 亚洲观看高清完整版在线观看| 国产成人久久久久| 国产一区视频在线看| 日韩欧美国产午夜精品| 日本wwwwwww| 一区二区三区四区视频精品免费| av在线免费播放网址| 精品在线播放免费| 欧美tickling网站挠脚心| 亚洲激情 欧美| 亚洲一二三区视频在线观看| 日本久久电影网| 波多野结衣中文字幕一区二区三区| 久久久www成人免费无遮挡大片| 国产麻豆天美果冻无码视频| 午夜日韩在线观看| 欧美日韩国产成人在线免费| 黑人性生活视频| 亚洲欧美视频在线观看视频| 玖玖爱这里只有精品| 国产成人免费av在线| 国产日韩欧美在线一区| 五月天精品在线| 黄页网站大全一区二区| 精品va天堂亚洲国产| 国产aⅴ激情无码久久久无码| 欧美a级一区二区| 日韩亚洲欧美中文三级| 成人手机在线免费视频| 日韩高清不卡一区二区| 日韩一区二区不卡| 欧类av怡春院| 免费成人美女在线观看| 日韩精品一区二区三区在线| 中文精品在线观看| 裸体健美xxxx欧美裸体表演| 337p日本欧洲亚洲大胆色噜噜| 婷婷色一区二区三区| 久久99久久99小草精品免视看| 精品国产一区二区精华| 欧美人妻一区二区三区| 国产精品综合二区| 国产精品日韩精品欧美在线| 国产av无码专区亚洲av毛网站| 成人sese在线| 一区二区在线观看免费| 欧美情侣在线播放| 午夜一区二区三区免费| 精品一区精品二区高清| 日本一二三四高清不卡| 一本色道久久综合亚洲91| 一区二区三区人妻| 视频在线在亚洲| 精品国产乱码久久久久久闺蜜 | 色吧成人激情小说| 香蕉在线观看视频| 日韩和欧美一区二区三区| 精品精品国产高清a毛片牛牛| 成人小视频免费看| 东方欧美亚洲色图在线| 亚洲另类春色校园小说| 91精选在线观看| 韩国三级hd中文字幕| 成人一二三区视频| 亚洲最色的网站| 欧美成人午夜电影| 无码人妻精品中文字幕| 一个人看的视频www| 日韩av网站免费在线| 国产日韩欧美精品一区| 欧洲av在线精品| 手机av免费看| 成人黄页毛片网站| 午夜精品一区在线观看| 国产亚洲一区二区三区在线观看| 色综合天天综合网天天看片| 国产艳妇疯狂做爰视频| 精品一区二区三区在线观看| 日韩久久一区二区| 91精品国产一区二区三区 | 免费成人av在线| 中文字幕一区在线观看| 678五月天丁香亚洲综合网| 东京热无码av男人的天堂| 91亚洲国产成人精品一区二区三 | 欧美成人三级伦在线观看| 国产美女在线精品| 亚洲一区在线免费观看| 久久精品人人做人人爽人人| 欧美午夜在线一二页| 欧美激情亚洲色图| 三上悠亚 电影| 国产一区二区三区观看| 亚洲自拍偷拍综合| 国产女同互慰高潮91漫画| 欧美日韩国产高清一区二区| 天堂网中文在线观看| 中文成人无字幕乱码精品区| 成人丝袜18视频在线观看| 日韩国产成人精品| 亚洲欧洲在线观看av| 精品动漫一区二区三区在线观看| 欧美视频在线播放| 日本爱爱小视频| 精品无码人妻一区|