Barneys New York
The luxury department store has officially filed for bankruptcy. In 2019, it closed over 15 stores. Just like a lot of other retail stores, Barneys says their profits have taken a huge dip lately since people are shopping more online, especially for high-end items. For now, Barneys will keep its iconic New York locations open, but no one knows what the future holds for this company.
Walmart
The huge retailer shut down at least 18 locations in 2019. Due to this, there are hundreds of employees who are now jobless. Out of the 18 stores, ten of them include neighborhood market stores, two are on-campus stores, and six are full-sized Walmart locations.