American Eagle
They may close other American Eagle locations this year after announcing plans to close 40 to 50 stores by 2020. As leases expire over the next two years, executives announced last fall that the retailer might close up to 500 stores. Chief Financial Officer Mike Mathias told Retail Dive that when deciding which stores to close permanently, 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. Last summer, Inditex, the apparel company’s holding company, announced that it would close up to 1,200 stores around the world over the next three years, starting in 2020. The company also plans to invest $3 billion in improving its digital activities, including hiring more online customer service representatives.
Zara
