We Now Know Why These Large Retail Companies Are Closing Down Stores

Published on 07/22/2021
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Family Dollar

Dollar Tree is a discount retailer that has revealed intentions to shut about 390 Family Dollar locations by 2020. Customers would have to travel elsewhere to obtain their personal care products and other needs. This company also decided to rename about 200 of its branches. It also plans to make additional changes. They will shortly try to increase the prices of their products in a few stores.

Family Dollar

Family Dollar

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J.C. Penney

J.C. Penney has been a mall staple for many years, but its revenues have recently been decreasing. Furthermore, it had a dry spell throughout the Christmas season, resulting in a decrease in stock value. Because of these factors, the company announced the closure of 18 department stores in 2020. In addition, it plans to shut nine furniture stores. This means that a total of 27 locations will be shut.

J.C. Penney

J.C. Penney

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