Sears
Sears might be operating for 130 years old, but the company sales were declining. It was a well-known and most prominent company in the country in the past. Sears had a significant role in shopping malls. Their creative mail-order catalog had helped to shop without having a hard time. However, the company had filed for bankruptcy in 2019. Their sales were not looking good every month. There were stores closed down because of a decline in sales.
Century 21
Sarah Jessica Parker, an actress, called the Century 21 “the best part of jury duty.” The brand was operating for 60 years, but they encountered a problem losing all of their stores since they had filed for bankruptcy. In the news, Raymond Gindi, the co-CEO, blamed the insurance companies who did not help the store during the pandemic. Gindi said, “have turned their backs on us at this most critical time.”