Sears
Sears was one of Transformco’s child companies with a severe drop in revenue after declaring bankruptcy last 2019. Sears ceased the operations of more than fifty percent of its branches in the previous two years. CNN reported that the chain was struggling amid a “slow-motion liquidation.” Sears was planning to liquidate its outlets and advertised various properties with commercial real estate agents as soon as possible.
The Disney Store
Disney announced that more than sixty of its Disney Stores across North America would cease its operations on or before 2021. According to The Disney Store, e-commerce, social media, and theme park shopping enterprises would be prioritized. The company had more than 300 stores globally, and 200 of them were in North America as of 2016.