Kmart
Walmart, Target, and Kmart all started at around the same time in the ‘60s. They were considered to be three giant retail stores, but it looks like one of them might be out of the game soon. Kmart shut down more than 150 locations in 2018. It did not stop in 2019 either since it planned to shut down 53 more stores. In 2000, Kmart had more than 2,200 stores across the United States. Now, there are fewer than 200 in operation.
Party City
Party City typically shuts down 10 to 15 stores across the nation in a normal year. However, 2019 was worse than usual since there were 55 store closures. The world is now facing the third helium shortage in 14 years, which did not help improve things for Party City. On top of that, a lot of people have stopped buying party balloons as well. According to the retailer, the company is only trying to shift its focus so that it can improve the more profitable stores. Well, that does make a lot of sense.