Vera Bradley
Vera Bradley seems to be rethinking its strategy. First, it is putting attention not on its brick-and-mortar stores but on licensing. The brand is planning to sell its home products using other retail chains like Macy’s and Bed Bath and Beyond instead. When it comes to full-line stores, the company will be closing as much as 50 locations, nearly half of its overall stores, by 2021. This is when many of the leases are due to expire. However, customers can still visit the remaining 52 factory outlets of the store.
Vera Bradley
Abercrombie & Fitch
Abercrombie & Fitch has plans to shutter 40 stores next February, most of which are in the United States. This is a slight increase from the stores it closed down in 2018, which totaled 29. However, there is some good news. Business Insider reported that a company spokesperson announced that the company will keep investing in the stores by “delivering approximately 85 new experiences, including 40 new stores, with continued reduction in overall square footage.”
Abercrombie Fitch
