Lowe’s

Lowe’s has been around since the 1920s and has been supplying Americans with home improvement items for years. One of their biggest competitors is Home Depot, and one of the reasons why the home improvement store hasn’t been doing so well. Lowe’s has already closed over 50 stores and plans to close more each year as it has been losing money for years.

The company is going through a slow liquidation so you might see Lowe’s stores around for a while, and there is still a chance the company can be bought and turned around. It is uncertain what Lowe’s future will look like.

Victoria’s Secret

Victoria’s Secret has been around since the late 1970s and has become more significant than it ever thought. There is a Victoria’s Secret in almost every mall around the world, and it is one of the leaders in the lingerie industry. Women have chosen Victoria’s Secret over other brands, but recently the company has been facing some hard financial times.

Victoria’s Secret has already closed down over 250 stores since the pandemic and is set to close down even more this year as they find that its online sales are doing better than its storefronts. It is hard to imagine Victoria’s Secret no longer being around, but it might happen.

Forever 21

Forever 21 was founded in 1984 in Los Angeles, California. The Korean-owned company became one of the biggest fashion retail stores in the world as it always had the trendiest clothes. The company blew up as it wasn’t afraid to change with the times, but recently the company has been struggling to stay alive.

Forever 21 eventually filed for chapter 11 bankruptcy and announced that it would be closing down all of its stores by 2022. The company also announced that it would still stay in business but only operate online, which has worked out for them.

GAP

GAP was founded in 1969 and has been one of America’s most popular clothing retail stores. GAP exploded during the 1970s and 1980s, which made it a reputable brand. The company was doing well for a while until it started to see a decline in sales around 2010.

Since then, GAP has been closing down several stores every year as it is another company that is looking to switch the direction of the company to online sales. GAP plans to close down several stores this year with plans to close more next year as they are trying to save the company.

Macy’s

Macy’s has been around since 1858 and was founded in New York City. It has grown to be one of the biggest department stores in America but has recently struggled to keep afloat. Since the pandemic, Macy’s hasn’t been doing so well and announced that it would be closing several stores this year.

The company already closed 45 stores around the country in 2021 and is scheduled to close down the same amount this year. Macy’s also announced that it is looking to close around 125 stores by the end of 2023, so this sadly might be the end for the long-lived company.

JCPenny

JCPenny is another old company that has been around for years, as it was founded in 1902 in Kemmerer, Wyoming. JCPenny was just a general goods store when it first was around but has now become a multi-chain merchandising store that is in just about every mall around the country.

Sadly, JCPenny has seen better times as it resorted to closing down many stores across the country as it filed for bankruptcy. The company has already closed down over 200 stores and plans to liquidate the rest by the end of the year.