Performance Bicycle
Performance Bicycles was not safe when we talked about stores that were shutting down. It was the largest bicycle retailer, but on March 2, it decided to close 104 of its stores. Advanced Sports Enterprises also stopped operating last year in October. The company prayed that they could renegotiate the lease to continue the operation of half of their stores. Unfortunately, the company was not successful, which led to discontinuing the operation of their stores.
Lowe’s
Lowe’s was a famous garden and home shop, but the company decided to shut down 51 stores. It was in 2019 when 20 stores in the United States and 31 in Canada had closed down. The company had announced its plan in 2018 and chose to close the stores on February 1, 2020. When CEO Robert Niblock decided to retire, and J.C. Penney CEO Marvin R. Ellison took his position.