Land’s End
Land’s End is a popular luggage, home furnishings, and clothing brand that has somehow lost its flavor among customers over the past few years. The link with Sears has been the cause of all the issues the Company is facing. The former CEO Federica Marchionni made the one error everyone is dreading. Land’s End commenced in 1963 as a home decor retailer and clothing business that operated out of Dodgeville, Wisconsin. Today, most of its sales are activated through online orders.
Guitar Center
For over 50 years, Guitar Center has been a popular company that many people has resorted to in getting their favorite musical instrument. However, their popularity seemed to have been watering down, especially after landing a “pay on demand” debt notice amounting to $900 billion. In 2015 to 2016 financial year, the music company recorded a 36 percent drop in sales and profits. But, amidst the issues at hand in terms of the financial crisis, the Company is still announcing their mission to increase the number of locations it operates from.