Sears files for Bankruptcy
#11
Sears catalogue was basically the precusor to Amazon. Sears failed because the market got crowded and on top of that they failed to innovate or drive down cost. If Sears had put up the catalgou online back in 1990 or bought off Amazon they'd be running the show. But they thought the internet would be a fad, who was going to wait 1 week for shipping and pay $30 dollars to ship something they could buy in sears?
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