American Eagle
Following the announcement of plans to shutter 40 to 50 shops by 2020, they may complete more American Eagle sites this year. Executives indicated last autumn that the company might close up to 500 locations over the next two years as leases expire. Chief Financial Officer Mike Mathias told Retail Dive that when choosing which shops to shut permanently, the company analyzes “lease tenure, mall profile, accessibility to other stores, and customer experience level.”
American Eagle
Zara
In the aftermath of the coronavirus epidemic, Zara is changing its emphasis away from brick-and-mortar shops and online purchases. Inditex, the clothing company’s parent company, said this summer that it would shut up to 1,200 shops worldwide over the following three years, starting in 2020. The company also plans to invest $3 billion in enhancing its digital operations, such as increasing its online customer service personnel.
Zara
