JCPenney

With almost 100 years in business, a killer catalog empire, and millions of dollars in sales, JCPenney is also fighting for its retail life, much like its counterpart Sears. Shoppers feel that this traditional way of doing business is simply too archaic for their changing needs.

After a disappointing holiday season, JCPenney execs watched in horror as the company’s stock fell below $1 per share for the first time ever. They will be liquidating and closing stores one by one in an attempt to pay off debts, so if you are in need of clothing or household items, line up for some serious savings.