Store Closures
The Children’s Place Expects ‘Normalized’ Inventory by Back-to-School
CEO Jane Elfers said the retailer is on track for back-to-school deliveries, although summer product is…
Levi’s Sees ‘Strong’ Recovery Despite Q1 Revenue Tumble
Net revenues for the first quarter ended Feb. 28 declined 13 percent to $1.31 billion compared to the first…
H&M’s 30 Store Closures in Spain Seen Cutting 1,100 Jobs
H&M Group is planning to close 30 Spanish stores in a move that would eliminate roughly 1,100 jobs.
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Guess Looks to Leave $81M Loss Behind
During the fourth quarter, Guess experienced lower net revenue, as business remained challenged by lower…
UK Retail Lost Nearly 10,000 Stores Last Year—and There Could Be More to Come
The coronavirus pandemic wreaked havoc on British retail last year, and new virus variants could dash hopes…
John Lewis Won’t Reopen Some Stores After Lockdown Lifts
The British retailer will focus its efforts on destination stores and smaller service-oriented formats…
The Children’s Place Plans Store Closures, Embraces Digital
The children's retailer estimated the closed stores, along with 178 locations shut down last year, accounted…
Disney Plots Streetwear Push as it Closes 60 Stores
Disney also plans to revamp ShopDisney.com and provide a wider assortment including men's and women's…
Employees Accuse Inditex of ‘Disguised Layoffs’ as It Shutters Stores
"They're basically inviting us to leave," one Zara worker said, adding: "They're laughing at us."
Chico’s Cuts Down on Sourcing Agents, Bumps Store Closures to Possibly 330
Chico's FAS already trimmed its supplier base by 20 percent in 2020, and increased its store closures target…
Abercrombie Cites Tourism in Closing 8 Flagship Stores Last Year
The retailer cited tourism in the eight closures, though it shut 137 stores overall.
$207M Real Estate Lawsuit Claims Valentino Tried to ‘Pervert’ the Pandemic
Although Valentino shuttered its NYC flagship store in December, its landlord says that it must pay up on the…
Canada Goose Returns to Growth, Despite Significant Store Closures
The luxury outerwear brand has made more headway in China, which saw 41.7 percent DTC growth, and is on track…
American Eagle Closing Up to 225 Stores
As it looks to get a better handle on American Eagle's store network, AEO Inc. is hatching a plan to get…
Under New Ownership, Francesca’s Could Operate 50% Fewer Stores
The 275 stores would be less than half of the 558 locations the retailer operated as of Dec. 1, prior to its…