When I was growing up in the Boston area, two of the biggest stores were Sears Roebuck and S.S. Kresge. And we always heard about Macy's holiday window displays in NYC. Today's Boston Globe showed how much has changed for these giant retail establishments. Sears sold its Craftsman brand for about $800,000,000 and announced it would be closing 150 stores this year. Kmart, once known as Kresge's, will close 108 stores. Macy's will close 68.
Is it the Internet, competition or just old age?