Every so often, there is a substantial change in the environment that upsets the status quo. Climate change kills the dinosaurs, digital cameras result in no film, ordering on the internet becomes so easy that fixed location retailers can't survive.
There was no stock market around when the dinos disappeared, and you may have missed the destruction of Eastman Kodak's business down to the point of bankruptcy.
But there is still a chance to make money on the last thing mentioned above. Big box retailers are suffering, and will continue to suffer. Someone recently made the comment that Best Buy (BBY) is a showroom for Amazon (AMZN). I would also like to add HHGregg (HGG) to that mix.
Both BBY and HGG have been beaten down over the last year, trading just above their 52 week lows when the rest of the market is near 4 year highs. They are a dying breed and deserved to shorted to extinction.
A couple caveats: They are possibly takeovers, particularly Best Buy, of which there have been discussions of a management buyout. Also, they are heavily shorted, so short squeezes are possible.
This recommendation? Short them on any pop, It may take a long time for them to completely disappear, but it will happen. History tells us so.