Abercrombie & Fitch
The four most prominent flagship sites of Abercrombie & Fitch will close at the end of January 2021. The closures would mostly affect London, Paris, Munich, and Dusseldorf, Germany, and were planned prior to the COVID-19 epidemic. In addition, three additional important stores will close this year when their leases expire in Brussels, Madrid, and Fukuoka, Japan.
Abercrombie & Fitch
Nine West
Nine West is looking to restructure its debts by selling off parts of the company and filing for Chapter 11 bankruptcy protection. The company’s $1.5 billion debt made all of this feasible. As a result, the shoe retailer has chosen to phase out its Easy Spirit line and close all but 25 of its stores. The company wants to focus on jewelry and clothing companies such as Anne Klein, One Jeanswear Group, and Kasper Grouper.
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