Family Dollar
Dollar Tree is a bargain retailer that announced plans to close about 390 Family Dollar stores in 2020. It would imply that the customers would have to get their personal care goods and other necessities elsewhere. This business also chose to rebrand about 200 of its branches. It intends to make other adjustments as well. They will soon attempt to raise the cost of their goods in a few shops.
J.C. Penney
J.C. Penney has been a mall fixture for many years, but its sales have been declining in recent months. Furthermore, it had a dry spell throughout the Christmas season and witnessed a drop in stock value. As a result of these factors, the firm announced the closure of 18 department shops in 2020. Not only that, but it also intends to close nine furniture shops. This implies that a total of 27 sites will be closed.