Lands’ End
This clothing, home furnishings, and luggage brand is not as popular as it used to be. The problems of Land’s End seem to be rooted in its association with Sears. Even though the sales of its catalog items are still going strong, it looks like Federica Marchionni, the former CEO, made several irreversible errors during her time.
Guitar Center
Guitar Center has been the go-to place for rock ‘n’ roll instruments for more than 50 years now. Sadly, it was given just one year to pay off its debt of $900 billion. This was the result of its 36% decline in sales from 2005 up to 2016. Even though they have been dealing with certain problems, they are still planning to open new stores! According to the Executive Vice President of merchandising and e-commerce, the company was merely in a transition state but still going strong.