This is very unfortunate for the workers at these stores who'll be facing layoffs, just as it's disappointing to see our President-elect gloating about a company's poor market performance and the loss of jobs associated therewith. However, I'm quite glad, on principle, to see another chain store bite the dust. Although I doubt this is due to competition from a growth of local retailers, but rather the changing dynamic of the retail market which is reorienting itself to a growth in online purchases.
You're basically celebrating the demise of chains like Macy's as they are replaced by Amazon.
