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In October of 2018, once-dominant retail giant Sears filed for bankruptcy. While the writing may have been on the while for some time, Sears business looked very different no less than 30 years ago. While Sears may have lost its way, at one point in time Sears boasted annual revenues in excess of $110 billion (adjusted to February 2019) and owned the tallest corporate headquarters in the United States standing at 110 stories tall. Despite these accomplishments, Sears began a slow downward spiral caused by a combination of management missteps, strategic blunders, and a general failure to adapt to a changing business environment. In this video, we'll explore Sears' spectacular rise to the peak of the retail sector and dissect it's equally spectacular fall to retail obscurity.
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