It is always sad news when a business fails. Whether it's a place I shop or otherwise do business with or not, it's one less business to hire people and pay taxes. I know many times, the failures are due to bad management decisions. Sears comes to mind. That company, instead of building a 115 story office building monument to itself and buying a declining discount chain (K-Mart), could have been doing the research and become what Amazon is. Sears was the Amazon of a hundred years ago.
Others have been rendered obsolete by the Internet generally. Specialty retailers--like camera stores, for example--can't afford to have all the varieties of items in their specialty that someone might want, where a single national online specialty can due to its nearly infinitely larger customer base.
Nonetheless, it's still sad.
Musings of an old guy, eh?

@BowsKaty : It's sad to see them go. Their warehouse is in Katy. I'm sure many employees/truck drivers are disapointed.

@sugu: I heard they already notified warehouse workers about the closing 💔

Agree, it is sad when stores close and so many people are left unemployed.