It’s not a good picture for the Aaron Brothers chain of framing stores in the central and western U.S. Nearly all of them are being closed by Michaels, the arts and crafts retailer that bought Aaron Brothers in 1995. Michaels says it has decided the standalone framing stores just aren’t working. It has decided to open mini-Aaron Brothers framing shops within Michaels locations.
Sears’ business has been in a steady decline for more than a decade, and the company’s stock price has dropped from about $40 a share in June 2015 to less than $3 in 2018. (Yikes!) The shrinking retailer started 2018 by announcing it would close another 39 Sears stores. In April it started shuttering 11 more, and in late May the retailer put another 48 of its department stores on the chopping block.