Abercrombie & Fitch
At the end of January 2021, Abercrombie & Fitch will close its four most significant flagship locations. The closures would take effect mainly in London, Paris, Munich, and Dusseldorf, Germany, and were scheduled before the COVID-19 pandemic struck. In addition, three more essential stores will close this year as their leases end, in Brussels, Madrid, and Fukuoka, Japan.
Abercrombie & Fitch
Nine West
Nine West wants to restructure its debts by selling off parts of the company and applying for Chapter 11 bankruptcy. This all happened thanks to its $1.5 billion debt. As a result, the shoe retailer decided to let go of its Easy Spirit brand and closed all stores but 25. The brand is also planning to focus more on jewelry and clothing brands such as Anne Klein, One Jeanswear Group, and Kasper Grouper.
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