Sears and Macy's, two iconic names in retailing, recently announced they plan to close hundreds of stores resulting in the loss of thousands of jobs around the country. Both have targeted for closure a handful of stores at struggling malls in Massachusetts.

David Harris, associate managing editor of the Boston Business Journal, and Jon Hurst, president of the Retailers Association of Massachusetts, joined us on The Codcast to talk about the impact of the changes and what they bode for the state's economy moving forward.