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Two department stores narrowly escaped the closure in 2020, but their prospects for 2021 look sinister. Once considered a large shift box, Sears and Kmart - belonging to the same parent company, transformo-hardly scraped by without deposit for bankruptcy this year. Their "slow death, calm, "As CNN says, comes after decades ofDeclining sales As Walmart competitors, Home Depot and tariff have flourished among their clientele. Read it to find out what the future holds for Sears and Kmart, and for more information on the beloved stores that struggle, checkThis legendary channel closes more than 1,000 stores by March

The experts say that, while Sears (founded in 1892) and Kmart (founded in 1899) had marginally avoided bankruptcy, their survival "is not a sign of health". With a floating commercial real estate market that has particularly reduced the value of Box's department stores, the two companies had no viable exit strategy to unload their assets. "Everything is to win. But of course, there is no market fordepartment stores, "Mark CohenThe director of retail sales at Columbia University and a former Sears executive, told CNN. "They are, for any intention and purposes, do."

CNBC explains thatThe decline of stores was a long time in manufacturing. Sears and Kmart were purchased by Hedge Fund Manager and CEOEddie Lampert In 2004 and 2005, respectively, then merged to form a larger home merchandise conglomerate.Saunders NeilGeneral Manager of Globaldata Retail, recently explained to CNBC that it was the main error of Lampert. "The solution to Sears' problems was to buy another retailer is not good, and it was KMART. Then they had a bigger bad case, "he explained." Sears did not invest or did not change, and they started to suffer because of that. "

In the place of deposit for bankruptcy, companies had already carried out in 2018, they are rather advanced with what experts call "the liquidation of the slowdown". The stores have made little effort to develop sales and experts say they expect Kmart and Sears will progress toSWIFTER closures Once the commercial real estate market regains value.

Already, they dropped dramatically from their store, with only 122 brick and mortar locations left between them: 74 Sears locations and 48 Kmarts. As CNN reports, it is 60 less compared to May 2020, when shopping centers reopened that pandemic stops, 400 less than when they came from bankruptcy in 2019 and about 1,000 under the Third quarter of 2018, three years ago. Read it for more stores that barely stay afloat, and for shop closures, checkThis popular clothing chain has just announced that it closes 100 additional stores.

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Help at the pharmacy chain has been declining for several years andaccording toUnited States today, Moody's Analytics considers that society is a "very high credit risk".

While Rite Aid's revenues have increased in retail and pharmacy sales during the pandemic, they havestruggled with their bottom line. The company would have taken extra charges to meet the needs of the pandemic, including by hiring 6,000 new employees for its store and distribution teams. And for more information on key store closures, checkThis beloved brand closes all but 2 of its American stores.

Macy's's, once an emblematic department store and a retail leader, has seen better days. In February 2020, the company announced its intention to close roughlyOne-fifth of his total store locations In the coming years, cut more than 2,000 jobs.

However, the President and the Chief Executive Officer of Macy Inc.Jeff Gennette said in September that the chronology ofShop closureWill be at the revision because they monitor pandemic recovery. "The retail trade has been disturbed. And while this disturbance creates challenges, it also holds opportunities," said Gennette. "With many competitors closing or in difficulty, we see the potential to bring new customers to our brands and acquire a market share," he added.

It is not surprising that a company whose success ends on people who gather parties were struggling right now. After all, the big parties are currently illegal in some states.

However, all the problems of the city city were not caused by the prohibitions this year on gatherings. The company was already amassyhundreds of millions of dollars in debt Each year, including a $ 264 million debt over the first nine months of 2019 and $ 432 million during the same period of 2020. And for more information on stores struggling to reach the two Tips, checkThis iconic department store will close 165 locations at the beginning of next year.

The Clothing Society of Minneapolis Christopher & Banks was alreadyfight to stay afloat Before the pandemic, and has even been broken down by the New York Stock Exchange for failing to achieve the minimum market capitalization as of April 2019. The Company has brought strategic advisors and has obtained new loans of 10 million last June dollars, but no longer enough to save the company from its perilous position.

"We believe that Covid has had an excessive impact on our demographic client that his purchasing behavior is more pragmatic with a limited request for new outfits in the absence of social commitments",Keri JonesPresident and Chief Executive Officer, "said in aDECLARATION OF DECEMBER 10. "In addition, on the basis of our own trends in retail traffic, we think it remains hesitant to shop in stores."