These 50+ Large Corporations Are Closing Their Stores Across The Country

Kmart

Kmart, which is owned by the same parent company like Sears, Transformco, is also closing its doors. The business has cut its total store count to 48, with more closures expected in the next year as the commercial real estate industry recovers.

Kmart

H&M

H&M expects to eliminate another 250 stores in 2021, following the closure of 180 locations in 2020. The retailer’s decision was mostly influenced by the coronavirus outbreak and the growing trend of internet shopping. H&M CEO Helena Helmersson told “Good Morning America” that “more and more shoppers began buying online following the epidemic, and they are making it clear that they prefer a safe and powerful atmosphere in which shops and online link and reinforce each other.”

H&M