Sears Holdings
Sears Holdings has been suffering a number of problems for nearly a decade now as sales continue to go down. The company has tried just about everything to keep its head above water. It has cut costs, sold assets, closed stores, and laid off employees. According to RetailDive, the department store chain continues to suffer after doing all of these things. In October 2018, Sears Holdings filed for bankruptcy and closed down 142 stores. CEO Eddie Lampert took out hundreds of millions of loans from a hedge fund he owns. Things continue to look bad for the company, however.
Sears Holdings
99 Cents Only
99 Cents Only has found itself in deep water since it could not compete very well against Walmart, Dollar General, and Dollar Tree. In December 2017, it reported a $27.1 million net loss. Aside from that, it also incurred $8.8 million in the first quarter and then $33.6 million in the following quarter. The company was sold to Ares Management and then to Canada Pension Plan and then to a private family. Jack Sinclair also replaced Geoffrey Covert as CEO. Despite everything, it remains in the game.
99 Cents Only
