The Internet has brought about yet another far reaching end of an era, namely online shopping is leading to the closure of traditional giant stores. So after Woolworth, British Home Stores and HMV have already disappeared in the UK, now USA giants can’t survive either. Three major companies - Payless, RadioShack, and American Apparel - have all filed for bankruptcy in the past year. And four more plan to close in the coming months: •The Limited – 250 stores •Wet Seal – 171 stores •Abercrombie & Fitch – 60 stores •Guess – 60 stores And now even… Sears is one of America’s oldest companies. It opened its first store in 1886 The company later pioneered the mail-order catalog business. At one point, it was also the world’s biggest retailer. Those were the good ol' days. But they're never coming back. On Wednesday, Sears management shared its dire outlook in the company’s latest annual report: “Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern.” And yet more major retailers are fighting for their life: J.C. Penney (JCP) is down 94% since 2007 and plans to close 120 stores in the coming months. Macy’s (M) stock price is down 56% over the last two years and plans to close 100 of its stores. http://www.clark.com/major-retailers-closing-2017 Some will call it sign of the times or even progress, I call it a depressing development that will reduce options and make conditions for many consumers more difficult.