J. Crew
Why is it that J. Crew is featured in the news so much? In 2018, the company lost its CEO. This change led to the closure of six stores in January 2020. The closures were a part of the plan to shutter 30 stores. This plan was shared in the summer of 2019, but they did not initially share which locations had to go.
Vitamin Shoppe
Things are not going very well for Vitamin Shoppe either. As a matter of fact, it is in the same boat as GNC. The company now wants to focus on e-commerce and subscription services to keep its issues at bay. In 2017, it saw top-line sales of $1.2 billion and a decline of 8.5 percent. This can be attributed to the rise of its competitors and the decline of the shopping mall. Let us hope that things improve for them.