The death of an American legend.

http://money.cnn.com/2008/02/28/news/companies/sears_earnings.ap/index.htm?section=money_topstories

A few weeks back, I read a blog post about catalogs (yes, it's a myspace blog, you've been warned.). The author alludes to the fact that paper catalogs are a dying trend. And this is true- a perfect business model would minimize costs as much as possible- one of those methods is to reduce waste; waste such as unused catalogs, which cost a lot more than unused bandwidth.
So companies phased out paper catalogs for more efficient internet catalogs.

This brings me to Sears. Sears was one of the first, and certainly the most prolific mail-order companies in America. Even when I was a child they boasted American made parts with lifetime guarantees (such as Craftsman tools). I even remember as a child my family and I were cleaning a house we had bought, and found an old Craftsman saw with a crack in the handle. We took it in, and got a new one, no questions asked.
This kind of policy just isn't efficient. American made parts and products are too expensive.
And as such, Sears is on it's way out. Unless (as they say) they can reduce operating/waste expenses dramatically.

It's a shame that people don't support their countries. very few investors will invest in America- instead choosing to put their money in foreign companies that have better business models, and promise better profits.
It seems that the American way of Capitalism (with the help of Globalism) has doomed the American way.