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I'm here to say that the reason for Sears’ 78 percent stock price plunge from its peak in April 2007 — and associated tattered financials that are putting it incrementally into the grave — is the outcome of a culture of losing. This attitude emanates from the top brass and permeates the entire organization, resulting in customer needs not being satisfied. In turn, that's led to material market share being gobbled up by the likes of Wal-Mart, Target and, of course, Amazon.com.
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- Companies:
- Amazon.com
- Target
- Wal-Mart
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