American Eagle
They will complete other American Eagle locations this year after announcing plans to close 40 to 50 stores by 2020. As leases expire over the next two years, executives revealed last fall that the retailer may close up to 500 stores. Chief Financial Officer Mike Mathias told Retail Dive that the retailer considers “leasing tenure, mall profile, proximity to other shops, and customer experience level” when determining which stores to close permanently.
American Eagle
Zara
In the aftermath of the coronavirus pandemic, Zara is turning its attention away from brick-and-mortar stores and toward online purchases. Last summer, Inditex, the fashion company’s holding company, announced that it will shutter up to 1,200 stores around the world over the next three years, starting in 2020. The company also plans to invest $3 billion in developing its digital operations, including hiring more online customer service representatives.
Zara