Why am I now discussing Sears here, instead of in my business blog?
On January 9, I wrote a post in my Empoprise-BI business blog that discussed Sears’ earnings warning.
So why am I writing about Sears in tymshft, my time-related blog?
Because Megan McArdle has placed Sears in historical perspective. Speaking of Sears’ early catalog business, she wrote:
It was the Amazon.com of its era: not only comprehensive, but — because of its enormous scale — also able to offer bargains that no one else could match.
According to McArdle, Sears’ move to the malls provided early success in sales to the middle class, but as McArdle put it:
Malls are struggling. So is the middle class.
Be sure to read McArdle’s entire analysis here.