Sears was 'toast' ever since its 2005 Kmart merger, says former Sears Canada CEO

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Sears may have just filed for bankruptcy, but the giant retailer 'was toast about a day after it closed' its merger with Kmart back in 2005, says former Sears Canada CEO.

 

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Yes. Discounters like Kmart, Zayre starting nibbling their lunch back in the 70s.

Sears was toast when Lampart became CEO.

He may have a slight point there but the bottom line is since then the leadership and management has been abysmal and Canadian employees are not going to be receiving a pension it appears The executives received large payouts

before that, even.

accurate

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