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A giant company crushes an outmoded and overpriced retail industry by pioneering a new mode of shopping in which people never have to leave their homes.
Yes, that narrative applies to Amazon, but it is a trail blazed by a far older company—Sears.
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The crossing of their paths this week—Amazon announced it will now sell Sears’ Kenmore appliances—paints a stark picture of two transformational businesses on opposite ends of their business lives. Sears is now a life-support husk of an American industrial titan, while Amazon’s on a seemingly unstoppable tear reminiscent of the 124-year-old department store’s own mid-century reign. Read more…
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