Kmart
Kmart launched its first store in 1962. In 1994, Kmart had 2,500 stores throughout the world. However, after it filed for bankruptcy in 2002, hundreds of its shops had closed down. However, Kmart started to face difficulties when they merged with Sears. In 2019, Kmart closed down 12 of its stores, and in February 2020, 50 more stores had closed. Transformco, the company that owned Sears and Kmart, said “a difficult retail environment and other challenges.”
Kmart
Bath & Body Works
If we think that soap and Sanitizer might be the best product to sell during the pandemic, Bath & Body Works closed 50 of their shops, especially in malls. According to CEO Andrew Meslow, “may not come back to their pre-crisis levels of productivity.” However, a year ago, the brand had an increase in its sales Meslow shared, “Sanitizer is now something that will likely be part of all of our daily routines for the months and years ahead. So, [it’s a] meaningful opportunity.”
Bed Bath & Beyond
