Sears of the 1970s may have foreshadowed the challenges it faces today
With the fate of two iconic American retailers — Sears and Kmart — set to be decided in the coming days, a look back at where Sears stood several decades ago suggests that the retailer's struggle isn't as new as it may seem to the millions of people tracking the story today. In his 1987 book " : Inside the Crisis and Revolution at Sears," Don Katz, the founder and CEO of audio book and entertainment company Audible, which became a unit of Amazon in 2008, discusses the challenges the retailer faced in the 1970s that may sound similar to the ...
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