It isn’t rare for companies to go out of business, even the biggest names in the game. Whether their products are no longer desired by consumers or people are now buying on the Internet instead, these businesses are feeling the effects. These beloved stores have no choice but to close their doors and file for bankruptcy. Think you can guess a few on the list? Read on to see which stores are at risk of going out of business in 2019.
J. Crew
The clothing company that Michelle Obama, the former first lady, favors has been shutting down some of its stores because its sales have been plummeting in the past few years. In addition, the company has even closed its bridal store and said goodbye to Jenna Lyons, its creative director, and Millard “Mickey” Drexler, its CEO. Drexler said that he thought the company’s problems came from raising prices.