Large Corporations Are Shutting Down Their Stores Throughout The Country

Kmart

Kmart, owned by the same parent company as Sears, Transformco, is also closing its doors. The company has cut its total store count to 48, with further closures expected next year as the commercial real estate market improves.

Kmart

H&M

H&M intends to shut another 250 shops in 2021, after the closure of 180 locations in 2020. The retailer’s decision was mainly influenced by the coronavirus epidemic and the growing trend of internet sales. H&M CEO Helena Helmersson told “Good Morning America” that “more and more customers started buying online following the epidemic, and they are making it clear that they appreciate a safe and empowered atmosphere in which stores and online interact and reinforce each other.”

H&M