Sears Holdings
Sears Holdings has been in hot water for nearly a decade by now. Its sales have not stopped plummeting. The company has tried many things to stay afloat, from selling assets to shutting down stores to laying off employees. RetailDive said that these measures did not improve things. In October 2018, the company filed for bankruptcy and ceased operations in 142 stores. CEO Eddie Lampert tried to salvage the situation by taking out huge loans from his very own hedge fund to no avail.
Sears Holdings
99 Cents Only
With competitors like Walmart, Dollar General, and Dollar Tree, 99 Cents Only had a hard time keeping its edge. In December 2017, it reported a $27.1 million net loss. On top of this, it incurred $8.8 million losses in Q1 and then $33.6 million losses in Q2. The company was sold to Ares Management and then to Canada Pension Plan. At the moment, a private family owns it. CEO Jack Sinclair came to replace CEO Geoffrey covert as well. It might have positive same-store sales, but it has yet to get out of this mess.
99 Cents Only