Abercrombie & Fitch
Abercrombie & Fitch’s four most important flagship sites will close at the end of January 2021. The restrictions would be implemented primarily in London, Paris, Munich, and Dusseldorf, Germany, and were planned before of the COVID-19 pandemic. In addition, three additional key stores in Brussels, Madrid, and Fukuoka, Japan, will close this year when their leases expire.
Abercrombie & Fitch
Nine West
Nine West intends to reorganize its indebtedness by selling off portions of the company and filing for Chapter 11 bankruptcy protection. All of this occurred as a result of the company’s $1.5 billion in debt. As a result, the shoe retailer chose to discontinue its Easy Spirit brand and close all but 25 of its stores. The company also intends to concentrate its efforts on jewelry and clothing companies such as Anne Klein, One Jeanswear Group, and Kasper Grouper.
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