Sad to hear blackwolfe, the snowball effect has not stopped yet, I remember Montgomery Wards, back in the day, Sears and Wards sold firearms. Than became "politically correct".

Along with others, some made it, (although Wal-Mart's in my area don't sell firearms anymore). It still sucks.
I own Craftsman tools, and have bought all kinds of stuff from Sears over the years.
The lease problem is simple, they pay rent to the mall owners, and can no longer afford to do so.
Michigan is having it tougher than some other states. We were a Four Winns Boat Dealer out of Cadillac, MI, and I have been there many times. Sales bottomed out, and the dealers had more inventory than they could sell. Just like the automotive industry, cuts had to be made.
Very sad.