business news in context, analysis with attitude

by Kevin Coupe

CBS Sunday Morning had a story the other tracing the evolution of Sears, looking at how it reinvented itself and innovated consistently over the years … until it didn’t, and became irrelevant and virtually obsolete.

Now, as it faces imminent and perhaps inevitable collapse, stores are closing. Stew Leonard Jr., whose eponymous company is taking over a New Jersey Sears, says that the scenario reminds him consistently of the necessity for change and innovation.

It is worth watching … and seeing as a cautionary tale.

KC's View: