18. Kmart
Year Established: 1899
Store Closures: 100+ branches*
Kmart, once a formidable competitor to Walmart and Target, has faced a series of setbacks over the years. After experiencing declining sales in the late 1990s, the company declared bankruptcy in 2002, resulting in the termination of over 30,000 employees. Despite a rebranding effort and a merger with Sears, Kmart struggled to adapt to the rise of e-commerce. The store began closing numerous locations in 2010, followed by unsuccessful attempts to revive their brand. Another Chapter 11 filing in 2018 led to the immediate closure of hundreds of stores. With only 48 locations remaining by the end of 2021, it seems that Kmart’s future is uncertain.
18. Kmart
19. American Eagle Outfitters
Year Established: 1977
Store Closures: Up to 250 branches*
Having opened hundreds of locations across the country, American Eagle Outfitters has been in business for a while. Even though it’s not the largest store by any means, the business has great goals and intends to generate $2 billion in revenue by 2023. It expects to close about 250 outlets by 2023 in order to achieve this. By doing this, it intends to free up more resources to concentrate on expanding its other brand, Aerie. Although it will take time, it is worthwhile to monitor your neighborhood store. It will be unfortunate if the retailer starts to go away because it is a mainstay in malls all around the nation.
19. American Eagle Outfitters
