Sears Holdings
Sears Holdings has not been doing so well for about a decade now. Its sales have declined continuously even though it did everything it could to stay above water. It sold assets, closed stores, let go of employees, and cut costs. It applied for Chapter 11 bankruptcy in October 2018 and ceased operations in 142 stores. CEO Eddie Lampert took out hundreds of millions in loans to prevent this, but it did not end so well.
Sears Holdings
99 Cents Only
99 Cents Only has been having a hard time competing with Dollar General, Walmart, and Dollar Tree. In December 2017, it claimed to have suffered a net loss worth $27.1 million. On top of that, it lost $33.6 million in Q2 as well as $8.8 million in Q1. Ares Management bought it before it went to the hands of the Canada Pension Plan. It has since been bought by a private family. CEO Jack Sinclair replaced Geoffrey Covert. It still needs to do much better, but it has at least reported positive same-store sales.
99 Cents Only
