Lord & Taylor
Lord & Taylor has been in business for over 100 years, but despite its lengthy presence, it has been declining as of late. In 2018, its flagship 5th Avenue store was closed down, and the company has announced that 10 more of its locations will be closing down in 2019.
Foot Locker
Shoe retailer Foot Locker announced recently that about 165 of its locations will be closing down. In order to try to revive its remaining locations, the company will invest millions in improving and revamping the stores in order to try to increase sales.