Lowe’s
Lowe’s is a famous home and garden company that closed 51 underperforming stores already. The closure took place this year, with 20 of them in the U.S. and the rest in Canada. The company announced that it planned to carry out the closures by 2020. It was set in motion after the CEO Marvin R. Ellison replaced Robert Niblock.
Lowe’s
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Vera Bradley
Vera Bradley seems to be reconsidering its strategy. Instead of focusing on physical stores, it wants to channel its attention on licensing. It hopes to sell home merchandise through retail stores like Bed Bath and Beyond and Macy’s instead. The company also wants to shut down as many as 50 stores by 2021. This is when the leases are due to expire.
Vera Bradley