Kids may grow, but longtime kids’ clothing retailer The Children’s Place has been getting smaller and smaller. And, it plans to shut down another 144 stores by 2020. TCP wants to refocus on expanding its sales on Amazon and growing its international business, says Forbes.
GNC is another vitamin retailer that has been looking sickly. Executives hope closing 200 stores in the U.S. and Canada will be just the spoonful of tonic the company needs to improve its financial health. The chain’s strength has been sapped by the decline of shopping malls (where most of its stores are) and tough competition from Amazon and other online vitamin sellers.