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