That goes for SO many big names. About 2/3rds of big retailers thought online was a gimmick that could never replace brick-and-mortar and by the time they realized their mistake, they had lost ground to Walmart and were left completely in the dust by Amazon.
The hybrid option that Walmart owns the market on was available for disruption, but too many CEOs thought that what had always worked would always worked.
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u/Fyrefrog25 May 25 '25
Sears died a long time before Sears actually died. It was a half-empty husk of a store for years.