Sears Holdings
Sears Holdings hasn’t been doing so well in the past decade. Its sales keep going down. In an effort to keep its head above water, the company has tried various measures from laying off employees to shuttering stores. However, none of these helped very much. In October 2018, the company declared bankruptcy and shut down 142 stores. CEO Eddie Lampert tried to salvage the situation by taking out loans worth hundreds of millions from his own hedge fund. Things have yet to improve, however.
Sears Holdings
99 Cents Only
99 Cents Only is a retailer that offers products at a discount. Sadly, it has been unable to keep up with Walmart, Dollar General, and Dollar Tree. In December 2017, it reported that its net loss was $27.1 million. This was in addition to its Q2 losses of $33.6 million and Q1 losses of $8.8 million. The company was acquired by Ares Management then by Canada Pension Plan then by a private family. CEO Jack Sinclair replaced Geoffrey Covert. Despite its positive same-store sales, things are not looking good.
99 Cents Only
