This chain of emblematic sneakers closes all locations
The 45-year-old will be clogged when the leases of its stores expire over the next two years.
The Pandemic of Covid-19 has made serious consequences for the world of retail, with major brands that stop shops due to the economic slowdown. Even as the beginning of the world to recover and that life slowly recovered to normal, some companies decide to pull the cap on some of their stores. This list of growth nowIncludes the footpiece, which will close all its locations in the coming years.
During a gains call on May 21, the parent company, Inc., announced that he would do most of his 231Fisheries stores Over the next two years, leases on spaces expire. The move comes despite the company that shows an impressive increase of 82% of year-over-year profits, Yahoo funding reports.
"We are currently in the process ofEvaluate the fleet of fishing Determine the best decision for each location »Dick johnsonPresident and Chief Executive Officer of the Locker, said at the call for gains. "About one-third of the main performance locations will be manufactured in new footwear stores establishing a bold attendant presence of women and children, as well as new sports and children's stores." He added that the company "believes that this strategic decision will allow it to better serve its consumers in a post-Covid market."
The foot piece wasLocker acquisition By bankruptcy proceedings in 2004, serving as a lifestyle counterpart to the mother brand that targeted men aged 15 to 30, retail line reports. During the call, Johnson stated that the decision to liquidate the 45-year-old was not easy and thanked the fishing team for their tireless efforts over the years. "
Unfortunately, the coin is only the last brand to undergo closures. Read it to see which other stores have recently obtained or announced workforce reduction plans.
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1 Amazon goes grocery store
Supermarkets may have seen a huge corporate increase on COVID, but that does not mean that some channels are not safe from shutter. This includes Amazon Go Eprocery, a cashier-free grocery chain of Amazon.Close some places And rebranding the others, Geekwire reported on May 17.
Even if Amazon has already got at least one of his grocery stores from Amazon Go, she has not yet provided additional closures. Instead, Amazon announced the intention of rebroving his grocery stores from Amazon Go as part of the company's Amazon Fresh label, starting with his Amazon grocery store in the Capitol Hill district of Seattle. In doing so, theJeff BezosMega-retailerHowed Sega-retailer hopes "Simplify the experience For our customers, "spokespersonCarly RecountSeattle's times.
2 Disney store
It turns out that some of the most recognizable brands in the world have had trouble with Retail realities related to Covid. On April 26, the insider of retail sales reported that theDisney Store would closing Almost all of its retail stores in the coming months.
Although the company still has not announced a final number of how many stores it would closure, planned closures come just over a month after Disney announced that it would close 60 of the 300 stores it operates in the whole world. In particular, the next series of closures would see every 18 locations in Canada at the end of the summer. The flagship location of two floors of Disney Store in Times Square of Manhattan should be one of the few remaining locations in North America once the changes have been announced.
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3 Current / Elliott, Joy and Equipment
Monday, April 5, April 5The group collected-The parent company of current clothing brands / Elliott, JOIT and EQUIPMENT-deposited for bankruptcy, citing significant losses associated with the pandemic. But while announced the closing of all its brick and mortar stores through the brands, the three brands, it also stated that it would continue to sell goods through its 305 US and 272 wholesale chains to the Foreign, including department stores, digital retailers and fashion rental services such as Bloomingdale, Harvey Nichols, Neiman Marcus, Net-A-Porter, Nordstrom, rent the track, robbulants and SAKS FIFTH Avenue.
4 Dsw
Tuesday, March 16, CEO DSWRoger Rawlins confirmed that the popular shoe retailer would beClosure of 65 of 501 retail locations it works in 44 states. The decision was taken after the company had seen a34% dive in sales in the middle of the pandemic,Columbus Business firstreports. "Until [customers] come back for the social occasion, it is the game we need to play," said Rawlins.
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