J.C. Penney
J.C. Penney might be a mall staple for quite some time now, although this has not stopped the decline in its sales in the last couple of months. After experiencing a poor holiday season and a stock value decline, the company announced that it was going to shut down 18 department stores in 2020. Aside from that, it wants to close 9 furniture stores. This means that you can expect to see a total of 27 store closures.
ADVERTISEMENT
Z Gallerie
Z Gallerie is an upscale home furniture company that has also applied for bankruptcy within the last couple of months. It still hopes that a buyer will come in to save it from total closure. At the moment, it plans to shut down 17 stores. These locations make up around a fifth of its total number of stores!