American Eagle
After unveiling intentions to close 40 to 50 stores by 2020, they may complete other American Eagle locations this year. Last fall, executives announced that the retailer is considering closing up to 500 stores over the next two years as leases expire. When deciding which stores to close permanently, Chief Financial Officer Mike Mathias informed Retail Dive that the retailer considers “leasing tenure, mall profile, proximity to other stores, and consumer experience level.”
American Eagle
Zara
Zara is shifting its focus away from brick-and-mortar stores and toward online transactions in the wake of the coronavirus pandemic. Inditex, the apparel brand’s holding group, revealed last summer that it would close up to 1,200 stores across the world during the next three years, beginning in 2020. The corporation also intends to spend $3 billion on improving its digital activities, including expanding its online customer support staff.
Zara
