J. Crew
It seems like J. Crew has been all over the news lately. After losing its CEO late last year, the company will kick off 2020 by closing 6 stores in January. These closures come as a part of the plan they announced last summer. Overall, they want to close 30 stores! At the moment, they have not released the exact number of stores they need to close to meet their goals.
J. Crew
Kohl’s
Kohl’s does not want to suffer the same problem that many other retailers have to deal with. This is the reason the company wants to close four stores located near or inside malls. The company said these were “lower performing” stores. It also said that the employees working there had been given severance pay or a job at a different branch. It seems like this was a preventive measure more than anything! Interestingly, it plans to open four smaller stores to offset the difference.
Kohl’s