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Although there may be a light at the end of the Tunnel in terms of COVID pandemic, it is not enough to counter the brutal effect the global health crisis on the retail sector. Yet another beloved retailer plans to clog dozens of stores in the middle of the financial benefits caused by the loss of educational traffic associated with COVID. DSW, which currently works501 retail locations in 44 states, Farm 65 of its stores in the near future.

Tuesday, March 16, CEO DSWRoger Rawlins Confirmed that the company had seen 34% soaking in sales in the middle of the pandemic. Offset these losses - a total of $ 489 million in total - the company plans toShutter 24 of its stores in 2021and 41 additional over the next four years,Columbus Business first reports. "Until [customers] come back for the social occasion, it is the game we need to play," said Rawlins.

In addition to92 employees who were let go From Columbus of the company, Headquarters of Ohio in January, the brands of creators of the Mother DSW company will put about 700 retail workers and 380 office workers in the midst of store closures.

DSW is not the only company that closes stores due to a serious sales slide in the middle of COVID, however; Read it to discover which other stores end in the near future. And for retail stores that lose customers for other reasons,That's why everyone is crazy loft right now.

In March, the children's clothing store the place of children announced that it would beShuttering 122 stores in 2021. The storesSales dropped by 7.8% Between 2020 and 2021, and the mark had already closed 178 of its locations in 2020. The Company has awarded its losses to the pandemic, noting in a statement that the decision was "mainly because of the impact of the closures of permanent stores and Temporary and the negative impact of reduced hours of operation in our shopping center stores, consistent with shopping centers. "And for more news from the store closure delivered directly to your inbox,Sign up for our daily newsletter.

Gap Inc., the parent company of GAP, Republic of Bananas, Old Navy and Athleta, will beShochinging 100 gap and banana bank around the world in the near future. However, it is not all bad news from Gap Inc. brands - the company has also announced its intention toOpen up to 30 new athletics stores and up to 40 new Navy stores in 2021. And for a shopping experience, you will never have,This beloved chain closes all its stores.

The happier store on earth had a little less happy in 2021 after Disney announced that it would beShuttering 60 of its 300 stores. Instead, the company will try to reach customers via online sales and stores in Disney Parks, as well as in boxes of box as target.

"In recent years, we focused on the consumer meeting where they already spend their time, such as theDisney Store Expansion Shop-In-Shops around the world. We are now considering creating a more flexible interconnected e-commerce experience that gives consumers easy access to unique and high quality products on all our franchises, "explained toStephanie Young, President of consumer products, games and publication, in a statement.

The card and gift card store source announced that it hadClassified for protection against bankruptcy in Chapter 11 March 2nd after more than 37 years of activity. Between 2019 and 2020, sales of the company had exceeded nearly $ 50 million and that the store suffered new losses due to COVID.

"As with many other retail marks, [a paper source] of deep damage to their finances and operations as a result of the current COVID-19 pandemic," said the CFO of the source paperRonald Kruczynski in theBankruptcy deposit of the chaingot by diving. The company plans to close at least 11 of its stores, according to the documents of the Court. And for more shop closing stores, This emblematic channel closes up to 50 stores .