Family Dollar
The discount retailer announced its plan to shutter nearly 400 stores in 2020. It meant that Family Dollar fans are now looking at other places for cheap essentials and personal care products. On top of that, the company renamed 200 or so branches as well. There has also been talk of other changes in the future. Among other things, it is thinking of bringing up the price point of its offerings in certain shops.
J.C. Penney
For a couple of years, J.C. Penney was one of the most popular stores in the United States. It has not been doing too hot as of late. For one thing, it had to deal with slow holiday sales, as well as a depreciation in its stock value. In 2020, these things contributed to its decision to shut down 18 department stores. Not only that, but the company made plans to close 9 furniture stores as well.