As brick and mortar stores continue to shut down, one that seemed like a beacon of light was Sears. After all, it's been around over 125 years. That might be coming to an end sometime this year or next year with bankruptcy on them and the potential of all of their stores and K-Mart stores closing. It could be yet another casualty in the realm of retail stores.
I've never really had many Sears stores around me. One was pretty close to where I live, but it was mainly for stuff like appliances and gardening like tractors. There was one 50 miles away that was more of a department store and they had tons of stuff before shutting down I forget when, but it was in the last decade or so.
One of the things I am hearing is hedge funds being a reason for Sears' bankruptcy. There is always something that causes a place to go out of business. Ames comes to mind for me. They bought a store chain with a huge amount of money in 1998 and four years later, all their stores are gone. I would think Sears is not going to give up, much like how Toys R Us last year was trying so hard, but who knows. The future is up for grabs.
We live in a society where unfortunately, Amazon is a dominant superpower in the retail and online world. Combined with a few other franchise names, it becomes impossible for places like Sears to have a footing in the retail world. They do specialize in certain things, so they are doing some people a favor where they don't have an appliance store close to them to get a new refrigerator or a new washing machine. Either way, it's far from over what will happen. It's a wait and see scenario.
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