American Eagle
Following the announcement of plans to close 40 to 50 American Eagle stores by 2020, the remaining stores will be closed this year. Last October, firm executives said that as leases expire over the next two years, the company may close up to 500 locations. Chief Financial Officer Mike Mathias told Retail Dive that the firm considers “lease tenure, mall profile, accessibility to other merchants, and customer experience level” when determining which stores to close permanently.
American Eagle
Zara
In the aftermath of the coronavirus outbreak, Zara is changing its attention away from brick-and-mortar stores and toward online shopping. Inditex, the holding company of the apparel industry, announced this summer that it would close up to 1,200 stores worldwide over the next three years, starting in 2020. The company also plans to invest $3 billion in enhancing its digital operations, which will involve adding more online customer service representatives.
Zara
