Kmart
Kmart, which the same parent firm operates as Sears, Transformco, is also shutting its doors. The chain has sharply reduced its overall store count to just 48 locations, with further closures anticipated in the coming year as the commercial real estate sector recovers.
Kmart
H&M
Following the closure of 180 stores in 2020, H&M plans to close another 250 stores in 2021. The retailer’s decision was primarily motivated by the coronavirus pandemic and an increasing transition to online purchases. In a comment to “Good Morning America,” H&M CEO Helena Helmersson said, “More and more shoppers began shopping online after the pandemic, and they are making it evident that they enjoy a comfortable and empowering environment in which shops and online connect and reinforce each other.”
H&M
