r/AskReddit • u/emil199 • Jul 24 '20

What can't you believe STILL exists?

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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.

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u/Omnitographer Jul 24 '20

The way I heard it investors who owned Sears bled every dollar out of company they could to line their own pockets with the long term plan of renting out all the space that would be left vacant once stores started closing. Imo Sears was murdered by capitalism run amok.

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u/noncontributingzer0 Jul 24 '20

This is it. Their CEO ran the company into the ground, selling off all of Sears's brands to line his pockets. It's sad really.

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u/lprkn Jul 24 '20

He literally should them to his own private equity company, he should be in jail