4 Retailers That Announced They’re Closing Stores In February 2021
02/26/21 AT 11:33 AM
As consumers continue to make the shift to online shopping amid the coronavirus pandemic, more retailers are making the decision to reduce the number of brick-and-mortar locations they hold in their portfolio of stores.
Here’s a look at all the retailers that announced in February that they are closing stores this year.
Sears And Kmart
Several hundred Sears and Kmart stores have quietly closed their doors since the company filed for bankruptcy back in October 2018.
While the company emerged from Chapter 11 in 2019, in a $5.2 billion deal with its former chairman’s hedge fund, Sears and Kmart stores have been slowly whittling away.
Best Buy just laid off 5,000 workers and will close more stores
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This electronics chain is the pandemic s latest retail casualty
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