Many retailers were wiped out in the retail apocalypse back in 2010 with Amazon and Walmart taking over the retail scene. Some retailers survived by expanding their e-commerce presence, but others haven't been as lucky. Here are 11 more retailers who continue to struggle to stay relevant this year.
This is the poster child for the retail apocalypse. Sears holdings is the parent company of Sears and Kmart which lost over 95% of its market value over a decade as mall traffic dried up and lost the majority of its customers to e-commerce and superstores like Walmart.
CEO Eddie Lampert had no choice but to close stores and sell off its Craftsman brand which only created more decline for the Sears brand.
Was battered by the same retail apocalypse as Sears and former CEO Ron Johnson steered the company toward a disastrous turnaround effort between 2011 and 2013 -- which only alienated the core customers with inconsistent discounts. For a while, it seemed JC Penney might avoid the same fate as Sears.
With the increase in furniture sales, appliances, athletic apparel and more women's apparel, the companies sales growth seemed to stabilize... for a minute.
After sales growth has begun to turn negative again the JC Penney turnaround seems to be falling short of expectations.
Barnes and Noble
Barnes and Noble is still the largest brick and mortar book store in the United States. However, that's not good enough when it comes to competition from Amazon and Amazon Prime. Amazon has wiped out 65% of Barnes and Nobles market cap for the last three years. Even though Barnes and Noble has expanded its digital business with Nook and created an educational spin-off it has helped tread water, but not necessarily counter in the long-term.