Published: January 09, 2019
As bankrupt Sears Holdings inches toward liquidation, Amazon on Monday became the most valuable public company in the world, surpassing Microsoft.
Walmart and Target to follow. And it’s those companies, including Amazon, that ultimately sped Sears’ demise.
Sears shares hit an all-time high of $195.18 in April 2007, when Amazon’s stock was hovering around just $60. Over the years, Sears’ market cap has tumbled from roughly $30 billion to under $100 million, as the company has struggled with sales declines and failed to invest in its stores. Meantime, Amazon’s growth has accelerated as its online business has flourished.
from Just News Viral http://bit.ly/2RfqjFO
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