Sears is closing its final store in Chicago, the city it called home for more than a century.
Highlights, Quotes, Annotations, & Marginalia
The Six Corners store, like more than 100 other Sears locations, is owned by Seritage Growth Properties, a real estate company controlled by Sears Holdings CEO Eddie Lampert. Seritage, which is publicly traded, has a market value nearly 10 times greater than Sears Holdings. ❧
Interesting to see the interaction between Sears Holdings and Seritage. The value is apparently all in the real estate.
There’s a kernel here of something about the value of links (social, business, etc.) as put forward by Cesar Hidalgo in Why Information Grows. Where is the real value? How can it best be extracted? Built up? Having a more direct means of valuing these otherwise seeming intangibles will be important in the future.
When companies ask for sociable, flexible, compassionate workers, they’re silently signaling women to sign-on to an undervalued job that powers the digital economy.
As a country we’re killing ourselves and our economy by devaluing women like this.