Abercrombie & Fitch
Abercrombie & Fitch’s four most important flagship locations will close at the end of January 2021. The closures, which were planned before the COVID-19 pandemic, would primarily affect London, Paris, Munich, and Dusseldorf, Germany. In addition, three more essential stores in Brussels, Madrid, and Fukuoka, Japan, will close this year as their leases expire.
Abercrombie & Fitch
Nine West
Nine West wants to restructure its debts by selling off pieces of the business and filing for Chapter 11 bankruptcy protection. All of this was made possible by the company’s $1.5 billion debt. As a result, the shoe retailer decided to discontinue its Easy Spirit brand and shutter all but 25 of its locations. Anne Klein, One Jeanswear Group, and Kasper Grouper are among the jewelry and clothing brands that the company plans to focus on.
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