J. Crew
Michelle Obama is the previous first lady of the United States. She is a big fan of J. Crew, although it seems like we will be seeing less of the clothing retailer. Its sales have gone down in recent years, which is the primary reason for the closure. J. Crew had to bid adieu to its bridal stores and creative director Jenna Lyons. CEO Millard Drexler has also quit and said the issues are the result of raising prices.
J. Crew
99 Cents Only
99 Cents Only offers various products at discounted prices. It is a strong competitor of Dollar Tree, Dollar General, and Walmart. In December 2017, the company suffered a net loss of $27.1 million on top of the $42.4 million loss it incurred in Q1 and Q2. Ares Management first purchased the 35-year-old company before it was purchased by Canada Pension Plan and, finally, a private family. Jack Sinclair, the new CEO, reported positive same-store sales. Sadly, this does not change the fact that it is on the decline.
99 Cents Only