Kmart stores are a division of the Sears corporation, which is seeing tough times itself and has recently closed its stores in Canada. Of the 105 Super Kmart locations that were once spread around the country, there is now just one. The number of regular locations has also shrunk from almost 2,200 to under 1,500.
Sears CEO Eddie Lampert has promised the store's fans that as long as just one Kmart location remains profitable he'll keep it open, but even that isn't reassuring these days. Already, 45 Kmarts are slated to close after the holiday season.
If you're a fan of this Starbucks-owned mall tea store, you better start stocking up on your favorite flavor. By next spring, most of the company's 379 stores will already be closed. Starbucks says the under-performing brand will still be available online, but all Teavana stores will be closed by the end of 2018.
6. Payless ShoeSource
This company managed to work its way out of bankruptcy this summer, but documents revealed that it has drastically shrunk from 4,400 to just 3,500 stores during that time. Just like every other business, online retailers are eating into the shoe business, and Payless is feeling the crunch harder than most brands.
7. Bed Bath and Beyond
This home goods store outlasted its toughest competition - Linens-N-Things - but wasn't watching out for Amazon or big box stores like Walmart and Target. BB&B's planned expansion into the online shopping world as "One King's Lane" only made things worse.
This company is under siege from all sides, so don't be surprised if they announce a long list of store closures in January.
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