Sears
Sears, which Transformco operates, has seen a substantial drop in revenues after declaring bankruptcy in 2018 and closing the majority of its stores over the preceding two years. According to CNN, the ailing company is going through a “slow-motion liquidation” and would begin liquidating locations where possible over the next year, as well as selling certain sites with commercial real estate agents.
The Disney Store
On March 3, Disney announced that around 60 of its North American Disney Stores would close by the end of 2021. Instead, E-commerce, social networking, and theme park shopping operations will be prioritized, according to the group. As of 2016, the company had 330 locations worldwide, with 200 in North America.