Vera Bradley
Vera Bradley is rethinking its business operations by focusing on licensing and foregoing actual brick-and-mortar shops. The brand is thinking of selling home merch through retail chains such as Bed Bath and Beyond and Macy’s. It is also planning to shut down as much as 50 stores out of 110 by 2021. That is when many of the leases are due to expire. However, it is still possible to visit a physical store since 52 Vera Bradley factory outlets remain in operation.
Vera Bradley
Abercrombie & Fitch
Abercrombie & Fitch made the announcement that it was going to close 40 stores by February 2020. Nearly all of them were based in the United States. This number is a little more than the over 29 stores that it shut down in 2018. It is pretty bad. According to reports by Business Insider, the company spokesperson claimed that it is investing in the stores still in operation by “delivering approximately 85 new experiences, including 40 new stores, with continued reduction in overall square footage.”
Abercrombie & Fitch
