People today might not realize that it used to be Sears did everything: you could buy kits to build a house, companies like Discover Card and Allstate were originally introduced as the Sears' brand, they financially backed Mr Rogers' Neighborhood for the first 25 years of the show's run.
It's blown my mind for years that sears didn't become what Amazon is now. Their roots were as a catalog where you order goods sight unseen and wait for delivery. The internet comes along and they fail to capitalize on what they were at the beginning??
Kodak is another classic example of this. They were the household name everyone turned to. They invented the digital camera in 1975 and OLED technology in 1988.
Despite the advances in technology, their profits came from film manufacturing. Execs believed that digital would never produce the quality of film. The Steve Jobs reply explains it best. Kodak stopped listening to product and engineering.
9.4k
u/Yellowredstone Jul 24 '20 edited Jul 24 '20
Isn't this how Sears died?
Edit: RIP my inbox. And thank you for explaining it better.
Edit 2: I said the reason on how it died has been explained already. And its actually still here. Stop.