Kmart
Kmart, which is owned by Transformco, the same corporation that owns Sears, is also closing its doors. The number of stores in the company has been reduced to just 48, with further closures predicted in the coming year as the commercial real estate industry recovers.
Kmart
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H&M
Following the closure of 180 stores in 2020, H&M expects to close another 250 stores in 2021. The coronavirus outbreak and the growing trend of internet shopping affected the retailer’s decision. H&M CEO Helena Helmersson remarked on Good Morning America, “More and more shoppers began shopping online after the pandemic, and they are making it evident that they enjoy a comfortable and empowering environment in which shops and online connect and reinforce each other.”
H&M