Kmart
Transform purchased Kmart, and like Sears, it announced its plans to close several of its stores. Kmart would cease the operations of several branches and had forty-eight locations left. It was unfortunate that it would close a few more stores within the year as the commercial real estate market gradually recovered.
Kmart
H&M
H&M announced its plans to shut down 250 stores on or before 2021 after the liquidation of its 180 branches last 2020. H&M’s decision was due to the COVID 19 outbreak accompanied by online shopping’s growing trend. Helena Helmerson said, “After the epidemic, more and more buyers began buying online and they are making it plain that they value a relaxing and inspiring environment in which shops and online interconnect and support each other.”
H&M
