Lord & Taylor
Lord & Taylor
ADVERTISEMENT
After being open for over a century, Lord & Taylor shut down the flagship store on Fifth Avenue last year. Unfortunately, that wasn’t the end of it. There are more closures on the way with about 10 more locations being closed by the end of the year. However, they haven’t disclosed the affected locations yet.
Foot Locker
Foot Locker
Foot Locker Inc. is set to close down a total of 165 stores this year, according to the announcement it made last March. However, it plans on spending millions of dollars on upgrading the locations that will stay open. This move was made in the hopes of improving profit for the shoe retailer. Shareholders were quite surprised when it did better than they expected in the final quarter last year.