J. Crew
It sure feels like J. Crew is always in the news these days. After losing its CEO in 2018, the company kicked off 2020 by closing 6 stores in January. These closures are part of its plan to close 30 stores overall. They made the plan public last summer. However, we have yet to find out which locations they are planning to shut down in order to achieve their goals.
J. Crew
Kohl’s
Kohl’s wanted to avoid suffering the same things that other mall retailers did, which is why the company is going to close 4 stores located in or near malls this year. The company said that they were “lower performing” stores and assured that the employees at those locations would get a severance package or a position at another shop. It looked like the closures were meant to be a preventive measure instead of a desperate need. The company plans to have the same number of shops by opening 4 smaller ones.
Kohl’s
