Despite most retailers still enjoying the revenues from the holiday shopping season, a former leader of department stores, Sears, is having a grim start to the year. In fact, analysts are predicting that Sears will be forced to declare bankruptcy within the next two years if something doesn't drastically change. CEO and billionaire Eddie Lampert is basically extending a line of credit to keep the retailer afloat.
While declaring bankruptcy for Sears may not be the end for the retailer, it is certainly looking like the likeliest path to continue existing at all. The retailer has been selling off assets, iconic properties, and even their exclusive brands. It's no secret that traditional brick and mortar retailers have been struggling since online shopping became normalized. However, many people have been fearing the fall of the Sears empire and what that means.