Amazon.com Review
When Arthur C. Martinez moved from vice chairman of Saks Fifth Avenue to the top spot at Sears in 1992, his immediate duty was clear: use his outsider's perspective to remake a stodgy and floundering 19th-century retailer into one prepared for the challenges and opportunities of the 21st century. The problems he uncovered ran deeply enough to require two complete transformations, sandwiched around corporate legal problems that led to millions in direct damages and an incalculable loss in consumer goodwill.
The Hard Road to the Softer Side tells how Martinez went about this conversion during his eight- year reign, the book's title playing off the ad campaign central to his efforts to reposition the company from a dowdy purveyor of tools and appliances to a modern outlet for fashion and fun. The key was recognizing that Sears's primary customer had shifted over the years from the man of the family to the woman, and that everything from store design and brand selection to prices and marketing efforts had to reflect that reality. To effect these changes, he unflinchingly confronted a succession of sacred cows--the most notable of which, the venerable Sears catalog, was losing so much money he was reluctantly forced to kill it. He also closed dozens of unprofitable stores, shed longtime affiliates like Coldwell Banker and Allstate, oversaw a cautious entry into e-commerce, and even adopted some concepts used by aggressive competitors. The specifics won't apply to many companies unless they also do $40 billion-plus in annual sales, but the story of Sears has always been the story of American retailing, and the principles behind its 1990s resurgence (focus intently on the customer, keep a close eye on the competition, don't be afraid of change) are generally applicable to enterprises of other sizes and types as well. --
Howard Rothman
From Publishers Weekly
A couple of factors save this book from being just another stroll down CEO lane. First, the turnaround of Sears, Roebuck is far from complete. Although the company is in better shape than when Martinez, formerly vice-chairman at Saks Fifth Avenue, took over, it is still not on a par with either of its main competitors, Wal-Mart and Target. Thus it provides a snapshot of Martinez's participation in a continuing turnaround effort; he left the company last year after eight years as chairman and CEO. The second distinguishing factor is the interweaving of Sears's history. Martinez and Madigan, a senior writer at the Chicago Tribune, not only provide fascinating background information, but also explain why the company floundered. Martinez cites the three elements by which Sears "helped [its customers] leave": ignoring them, disregarding competitors and "[f]ocusing almost all of [its] energy on the construction of a magnificent, frustrating bureaucracy." Martinez offers predictable management lessons: "The Customer Is Everything"; "Your Employees Are Golden." But however obvious such tenets may be, Sears clearly lost sight of them. Despite flowery writing ("Everyone in that world had to understand that the customer is the sun at the center of our solar system"), the story of how Sears lost its way is engaging, even if readers aren't certain it will regain the right path. Part management guide, part cautionary tale and part historical recap, this book should dappeal to the ever-growing management and executive crowd.
Copyright 2001 Cahners Business Information, Inc.
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