Sears Holdings Corp. (fka SHLDQ)

[LouisDesyjr]

Never thought it could happen to Sears

I thought for sure that they would not file bankruptcy until after the holiday season, but it looks like things are so bad off that it is the only way to get through to 2019.

It is hard to believe that a company like Sears could have fallen so far. I remember in the late 1970s/early 1980s people were talking about Sears as being 'the only place a person would need to shop'. There was even talk about Sears going into financial services and being able to offer mortgages.

I remember reading "The Big Store" by Donald Katz in the early 1990s about Sears and some of the changes that had been going on and one of its transformations.

The opening scene is impressive. Basically, two VP at Sears were competing for one of the top slots, so a meeting is arranged at a private airport, I think in Colorado. Each VP flew in from opposite ends of the country, on their own personal COMPANY provided jet. When I read that part, it was like 'WOW', this company is really making all kinds of money.

Louis J. Desy Jr.