The Creative Destruction of Sears

Is Sears dying because of Creative Destruction? Yes and No.

Former Sears in Chicago. Photo by artistmac.

In a few weeks' time, the last Kmart and the last Sears will close in the United States. Most people won’t notice let alone care. The real Sears story has never garnered much interest. Most people especially the media have bought into a certain narrative: that Sears and Kmart failed to keep up with the times…