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No More Politics On Balconies

Apr 19, 2017

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British Prime Minister Theresa May made a surprise announcement this morning. She called a snap parliamentary election for June 8, saying she needs a strong mandate ahead of Brexit negotiations.

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A century ago, it was one of the biggest names in retail. Now, even Sears officials say its future could be in doubt — though they say they have plans to make sure the retail icon survives.

Nancy Koehn with the Harvard Business School says that in its early days, Sears Roebuck and Co. was like Amazon is today — a retailer of great disruption.

For Sears, it meant a path-breaking strategy of offering all sorts of merchandise in catalogs and building department stores in remote places with ample parking.

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As if this year's elections in France and Germany were not enough, Britain is voting, too. Prime Minister Theresa May has the power to call a snap election. And today she did.

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