Racks in Ruins
Not long ago, the slow-motion decay of Sears and Kmart would have been unthinkable. Michael Lisicky, a retail historian, has been tracking what he calls the stores' "endless" decline. "I never thought that I would ever be drawn to document the demise of Sears and Kmart," he says. "But it became hard for me to not notice and look the other way." This could well be these iconic retailers' last holiday season, with Sears even acknowledging that it may soon sell its suburban Chicago headquarters. Here's a firsthand look at the collapse of two retail empires.
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