9 retailers that bombed in 2016 by Kate Taylor on Dec 28, 2016, 2:31 PM Advertisement
 This past year hasn't been kind to some of the world's most recognizable brands. Indeed, for some retailers 2016 has been disastrous. These are the companies that struggled, with slumping sales and unappealing sartorial trends. Here's to hoping 2017 brings better luck for these brands. SEE ALSO: J. Crew's website shows everything that's wrong with the brand J. Crew  The apparel retailer has had a difficult few years. J. Crew announced in November that sales at stores open at least a year dropped 8%, following a decrease of 11% in the same period last year. Now, the company is attempting to change things up. In November, the retailer axed its popular bridal line. A month earlier, J. Crew launched an athleisure line with New Balance — a collection that Business Insider felt failed to live up to competitors' standards.
Sears  Sears' sales continued to plunge in 2016. In the most recent quarter, revenue fell 13% to $5 billion, with losses widening to $748 million from $454 million in the third quarter last year. The retailer is closing hundreds of stores, with more than 170 Sears and Kmart locations shuttering this year. And, things are only getting worse — many analysts say 2017 is likely the year that Sears goes bankrupt.
Macy's  In August, Macy's revealed plans to close down 100 stores in early 2017 as the retailer looks for a solution to slowing sales and the growth of online competitors. In November, the retailer reported that net income for the third quarter fell by 87% to $15 million, following a 46% decline over the same period last year. Same-store sales at stores open at least a year fell 3.3%. "These figures show a company grappling with what looks like terminal decline," Neil Saunders, CEO of the consulting firm Conlumino, wrote in a note to clients.
See the rest of the story at Business Insider
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