$SHLDQ, Sears Holdings Corp. / H4 The retail sector is down heavily on the back of news that Sears (SHLD) has come forward with the (already obvious) news that it’s facing issues continuing its business forward. Chapter 11 is likely on the horizon within the next 2-3 years. The company is currently engaged in asset sales, though that limits its profitability potential in the years ahead.Malls likely to be most impacted are those in the mid-tier quality range. Discount malls and retailers attract lower-income consumers who may not have the means to shop online. Luxury retail is also in a defensible spot. Higher-priced purchases generally necessitate trying out the product(s) beforehand and concerns regarding damage or loss through shipping become augmented.Sears is down 14% for the day. Among other notable losses of 2.5% or more include GGP (up nearly 80x over the past eight years, highest of any S&P 500 company), Washington Prime Group (WPG), Retail Opportunity (ROIC), Kimco (KIM), Tanger Factory (SKT), Taubman (TCO), Simon Property (SPG), DDR (DDR), Brixmor (BRX), CBL & Associates (CBL), Macerich (MAC), and Pennsylvania REIT (PEI).