High-End Stores That Will Shutdown All Of Their Branches This Year

Kmart

Kmart, which was purchased by Transformco, the same company that controls Sears, is also closing. The company’s number of locations has shrunk to only 48, with further closures expected this year as the commercial real estate market recovers.

Kmart

H&M

H&M expects to close another 250 stores in 2021, following the collapse of 180 outlets in 2020. The retailer’s decision was influenced by the coronavirus outbreak as well as the growing trend of online shopping. “After the epidemic, more and more buyers began buying online,” H&M CEO Helena Helmersson said on “Good Morning America,” “and they are making it plain that they value a relaxing and inspiring environment in which shops and online interconnect and support each other.”

H&M