Family Dollar
Dollar tree declared that it would shut down 390 of its stores in 2020. The discount retailer was known for its personal care supplies and other necessities. However, the customer needs to find another discounted retailer to look for what they need since many stores had stopped operating. The organization had renamed 200 of its branches and hoped that it would become successful in the future. They also decided to increase the price of the item in some of their stores.
J.C. Penney
J.C Penney became well-known for many years. Unfortunately, they also did not escape the decline of sales in the past few months. The company was not fortunate when the holiday season came, which resulted in a massive drop in their stocks. Because of the decrease in their sales, J.C Penney decided to shut down 18 department stores in 2020. The company also decided to close down 9 of its furniture stores. There were a total of 27 sites that stopped operating.