Kohl’s
To avoid going to the same struggles as other retailers located in malls, Kohl’s is planning to close four of its stores which are either located inside or near malls in 2020. The company stated that these stores were “lower performing” and that the employees of the said locations were either offered severance pay or a job at another Kohl’s shop. However, it appears that the closures are more of a means to prevent any disaster than an urgent need. The company will continue to operate the same number of shops by opening four smaller ones.
Kohl’s
J. Crew
Michelle Obama, the former first lady of America, is a huge fan of J. Crew, but unfortunately, her go-to clothing source is shutting down. The stores’ sales have plummeted in recent years, the main reason for its closing. J. Crew has also said goodbye to its bridal store and coveted creative director Jenna Lyons. The CEO, Millard “Mickey” Drexler, also left the company, claiming raising prices is to thank for the bad news in paradise.
J. Crew
