J.C. Penney
As a leading brand, J.C has enjoyed a successful position, however like any other high ranking brand, it faced decreases in sales in the last few months. After a decline in stock value and a dry spell during the holiday season, 18 of its department stores were announced to be shut down in 2020. A further 9 of its furniture stores would close, making the total closures to 27.
J.C. Penney
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Z Gallerie
Z Gallerie, another leading furniture company is still hanging on to the hopes that a buyer would help save it, however, they have had to close 20% of its stores which is about 17 of its branches nationwide and have filed for bankruptcy in the last few months.
Z Gallerie
