In many regards, the retail industry is dying. As automation and AI become more advanced, machines are expected to succeed the jobs of many retail workers. This forthcoming change is a cause of concern for many individuals. Specialists have noted that the decline of low-wage work and rise of automation may further the gap between the wealthy and the poor.
In filing for Chapter 11 bankruptcy, Sears will have the opportunity to reorganize their financial affairs.
Readers of The Hill weighed in with their own thoughts regarding Sears lastest, dismal financial state:
“I hate that this is happening, my first toolset came from Sears.”
“I worked at Sears during high school and college and it was clearly mismanaged even back then. It [was] on the decline going back at least 15 years.”
“That is just sad, I don’t care what your politics are.”
Additional updates pertaining to Sears will come forth as new developments arise.