Days of Disruption (No. 10):America’s Retailer – Sears

Phil Holberton

Phil Holberton

Dedicated to helping you achieve your maximum potential

Reading Time: < 1 minute

Sears has been struggling for many years but the speculation of the past few days that it may bypass Chapter 11 reorganization entirely and proceed to Chapter 7 Liquidation indicates just how hopeless many of its lenders believe the company’s situation has become. 

This article from Business Insider tells in a milestone format the sad tale of the iconic retailer’s demise after a long and mostly successful history   Once known as “America’s Retailer,”   It enjoyed over a century of success until Wal-Mart and then Amazon and arose to challenge it.   “There was a time when Sears was the Amazon of its day” one writer recently reminded us.  You could even buy a house or a barn from Sears in kit form which the average carpenter could knock together in about a week.   After you read the Business Insider article, I hope you’ll take a few minutes to learn more about its remarkable founding and how “the Amazing Mr. Sears” built a legendary business that may soon be no more.

As Jim Collins reminds us in his book How the Mighty Fall:  “Whether you prevail or fail, endure or die, depends more on what you do to yourself than on what the world does to you.”

Contact us Today
CATEGORIES: Change, Economics, Leadership, Perserverance, Risk

Set the Tone for a Successful Career

Set the Tone for a Successful Career

Interested in maximizing your leadership potential? Phil Holberton offers a growing library of free resources to help you do so.


The 12-Step Journey Toward Enlightenment

Phil’s 12-step white paper detailing how to hone your skills, approach and vision in order to become a leader.

Your First 90 Days

Phil’s essay about the most important period of your employment: your first 90 days.

Phil Holberton’s Success Wheel

This is a graphical tool and simple exercise to help you take control of your life.

Thank you for your interest! Check your inbox to confirm your subscription and receive your free white paper.