You are being snarky, but FDR actually DID something like this to Montgomery Wards under the National Recovery Act.
Ah, yes Montgomery Wards. I remember shopping there about 30 years ago.
Seriously, I don't see how places like JCP, K-mart and Sears are still around. Sears has a couple of things going for them, like Craftsman tools, and I like their appliances. Plus Sears is pretty good about honoring warranties and has a fleet of repairmen. Other than that, who really goes there any more?
It's mostly Walmart and Target for the economy minded nowadays.