J. Crew
Former First Lady of America Michelle Obama is a big fan of J. Crew. Sadly, the company is still shutting down despite her patronage. The sales of the stores have gone done in the past years, and this is the main reason it is closing. The company has also bid adieu to creative director Jenna Lyons and its bridal store. CEO Mickey Drexler left the company as well. According to him, the bad news can be attributed to its increased prices.
J. Crew
99 Cents Only
99 Cents is a store that offers products at a low price. It is a competitor of brands like Dollar General, Walmart, and Dollar Tree. In December 2017, the company had a reported net loss of $27.1 million on top of its $42.4 million loss during the first and second quarters. This company was later bought out by Ares Management before it was sold to Canada Pension Plan and, finally, a private family. Jack Sinclair, the new CEO, reported positive same-store sales. Despite this, the discount store is still declining rapidly.
99 Cents Only
