American Eagle
Following the announcement of plans to shut down 40 to 50 stores by 2020, they may complete additional American Eagle facilities this year. Executives announced last October that the company may close up to 500 outlets over the next two years as leases expire. Chief Financial Officer Mike Mathias told Retail Dive that when determining which stores to close permanently, the retailer examines “lease tenure, mall profile, accessibility to other stores, and consumer experience level.”
American Eagle
Zara
In the aftermath of the coronavirus outbreak, Zara is changing its attention away from brick-and-mortar stores and toward online purchases. Inditex, the garment company’s holding company, announced this summer that it would close up to 1,200 locations worldwide over the following three years, beginning in 2020. The company also plans to invest $3 billion in boosting its digital activities, such as expanding its online customer service workforce.
Zara
