Do shoppers suffer too much in bankruptcy, or should they be expected to share the pain?
Retailers come and go. Some are iconic brands, while others defined consumer shopping habits and American culture. Failures occur because of increased competition, upheaval in regional and national economies, new technology, poor management and even brand obsolescence. Some brands have disappeared, like Blockbuster, Borders, Builders’ Square, Circuit City, K.B. Toys, Musicland, Montgomery Ward and Woolworth. Others retrench, like RadioShack
’s transformation into a smaller chain of co-branded Sprint retail and electronics stores and Target’s departure from Canada. Still others have shed their bricks and mortar to become exclusive online retailers: Delia’s, Linens ‘n Things, Service Merchandise and Sharper Image. Alco
, Anna’s Linens, Body Central, Cache, Coldwater Creek, Deb Shops, and Dots/Simply Fashion, among others, have all departed the bricks and mortar retail landscape over the last 18 months.