Family Dollar
Dollar Tree, a discount retailer, has stated that 390 Family Dollar stores will close by 2020. Customers would have to go elsewhere for personal care goods and other requirements. This company also renamed around 200 branches. It also aims to make further modifications. They are planning to boost the prices of their products at a few stores in the near future.
J.C. Penney
For long years, J.C. Penney has been a mall mainstay, but its sales have been decreasing for several months. Furthermore, it had a dry spell over the holiday season, resulting in a decline in stock value. The business has chosen to close 18 department stores by 2020 as a result of these concerns. Not only that but nine furniture outlets will be shuttered. A total of 27 locations will be closed as a result of this.