Sears’ (Nasdaqoth: SHLDQ) bankruptcy was a long time coming. The demise of the most dominant retailer of the 20th century came after several years of the losses of hundreds of millions of dollars and double-digit declines in comparable sales.
Former CEO Eddie Lampert refused to make the necessary investments in the retailer’s base, and customers fled as its stores become more dilapidated.
In the current booming economy, many retailers are thriving, but Sears’ downfall, as well as that of Toys “R” Us earlier this year, is a reminder that shifting shopping patterns are forcing a number of retailers out of business.
Click through to read about seven other retailers that could join Sears in retail’s dustbin.
ALSO READ: These 3 Retailers Will Benefit From the Death of Sears
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