Retail apocalypse continues as Sears files for bankruptcy
142 more stores to close, but that might be just the tip of the proverbial iceberg.
- Sears to close 142 stores immediately amid bankruptcy filing.
- Dozens of Kmart stores — owned by Sears since 2004 — already scheduled for closing in November.
- Will it affect a store near you?
Sears announced on Monday that it's in bankruptcy proceedings, along with the immediate closure of 142 stores nation-wide. With the news comes the stepping down of Sears CEO Edward Lampert, who had held the position since 2013.
With this, the phenomenon of national and international retail stores closing doesn't seem to be slowing down.
Those pants, tho ...
With the fresh closures of Sears and Kmart stores, it's now down to less than 700 retail locations—1/3 of the stores it operated in 2013.
Humble beginnings ...
Sears, Roebuck, and Co. catalog, 1909
The company, started in 1886 by Richard W. Sears, a Minnesota railway agent who wanted to get into the watch business, was soon to be co-owned by business partner Alvah Roebuck.
By 1895, the company named was officially "Sears, Roebuck, and Co." and the mail-order book, or catalog, had grown to 532 pages of much more than watches.
Interestingly, given the takeover of many thing that used to be retail by Amazon and online ordering, Sears identified a market early-on of farmers, who would soon buy their supplies and equipment from rural general stores, at a discount. For a number of years, it self-identified in its catalogs as the "Cheapest Supply House on Earth."
Interactive map by:
It remains to be seen whether the company can survive much longer.
For a list of stores closing, there's an interactive map at the bottom of the article here.
With the closures of Sears and Kmart stores, it's now down to less than 700 —1/3 of the stores it operated in 2013 — less than 700.
Also, here's an emerging point of view on what's happening behind the scenes in this situation:
(If that doesn't work, the Tweet is here: https://twitter.com/ddayen/status/1051702252774207488)
To create wiser adults, add empathy to the school curriculum.
- Stories are at the heart of learning, writes Cleary Vaughan-Lee, Executive Director for the Global Oneness Project. They have always challenged us to think beyond ourselves, expanding our experience and revealing deep truths.
- Vaughan-Lee explains 6 ways that storytelling can foster empathy and deliver powerful learning experiences.
- Global Oneness Project is a free library of stories—containing short documentaries, photo essays, and essays—that each contain a companion lesson plan and learning activities for students so they can expand their experience of the world.
This is what the world will look like, 250 million years from now
To us humans, the shape and location of oceans and continents seems fixed. But that's only because our lives are so short.
The future of education and work will rely on teaching students deeper problem-solving skills.
- Asking kids 'What do you want to be when you grow up?' is a question that used to make sense, says Jaime Casap. But it not longer does; the nature of automation and artificial intelligence means future jobs are likely to shift and reform many times over.
- Instead, educators should foster a culture of problem solving. Ask children: What problem do you want to solve? And what talents or passions do you have that can be the avenues by which you solve it?
- "[T]he future of education starts on Monday and then Tuesday and then Wednesday and it's constant and consistent and it's always growing, always improving, and if we create that culture I think that would bring us a long way," Casap says.
These Jurassic predators resorted to cannibalism when hit with hard times, according to a deliciously rare discovery.
- Rare fossil evidence of dinosaur cannibalism among the Allosaurus has been discovered.
- Scientists analyzed dinosaur bones found in the Mygatt-Moore Quarry in western Colorado, paying special attention to bite marks that were present on 2,368 of the bones.
- It's likely that the predatory carnivore only ate their already-dead peers during times when resources were scarce.
As a doctor, I am reminded every day of the fragility of the human body, how closely mortality lurks just around the corner.