Good Lifestyle

InnumerableStores have Shuttered From the Covid pandemic has started, and now another beloved chain is on the billot. On February 18, Solstice Marketing Concepts LLC, the company behind detailing Solstice Sunglasses, announced itsFiling for the protection of the bankruptcy of Chapter 11. The company currently operates 66 brick and mortar stores and an e-commerce business, has seen its profits fall by more than 50 percent 2019-2020, and the future is still in the limbo of the chain.

Although the company has not yet announced, if any, from its stores will close as a result of the deposit of bankruptcy, Chief Executive Officer Solstice de la ChaîneMikey Rosenbergadmitted that changes are in progress. "We are optimistic about the reorganization that we continue to see more and more business in our stores that the restrictions are lifted Covid and the new modes that our suppliers offer," said Rosenberg in a statement. "We are now we focus on the changes needed for our activities and the restructuring of our obligations for the benefit of our employees, critical suppliers and other stakeholders. »

However Solstice is not the only chain that has recently been hard hit by the economic impact of the pandemic. Continue reading to discover other brands fight because of the financial spin-offs of COVID. And for more staggering stores in the middle of the pandemic,This legendary brand closes its last remaining shops.

Secret is Function of the Victoria Lingerie Brandbetween 30 and 50 of its brick and mortar locations, according toUnited States today. The announcement was made on February 24 by the Mother Society of Victoria Secret Brands L in Ohio. Although there was no announcement yet about which company stores will close, the brands already closed 250 Victoria Secret stores in 2020, and seeks toSpin Off Victoria Secret in his own separate company. And for more expensive shops close shop,This popular beauty brand is stopped for good.

February 23 Store BelkUnder the protection of the bankruptcy of Chapter 11 in Houston, Texas,Charlotte Observer reports. The store, which worked continuously for 133 years, announced that, despite its bankruptcy, there wasnot the intention to dismiss employees Or stores nearby.

The next day,Belk has emerged from bankruptcy with a new restructuring agreement, loss of $ 450 million of debt. In a statement, the company said: "The injection of liquidity and the reduction of the debt offers Belk with increased liquidity to focus on its main growth initiatives, including new improvements to its Omnicanal capabilities and the Expansion of merchandise offers in new categories of products concerned, including home, well-being and outdoor products. And for the latest news closing store directly in your inbox,Sign up for our daily newsletter.

Electronics Fry, a popular channel with 36 stores in the United States, suddenly announced in late February that it would beclose up for real. The chain, which opened its doors in California in 1985, broke the news via its website on February 24 and closed the shutters all other aspects of its online activities on the same day.

"Electronics Fry, Inc. has made the difficult decision ofshut down And closing operations permanently as a result of changes in the retail industry and the challenges posed by the Covid-19 pandemic, "said the company in a statement. And for another beloved brand whose stores are also gone for good, consultThis Iconic Store is the closing of all its American offices.

Ralph Lauren, beloved for his Preppy mode, announced during aFebruary Apall of Investors that he would beUp to 10 formwork of its stores and reducing its corporate footprint by almost 30 percent. The hopes of the brand with "pivotal resources to our key strategic priorities", including emphasizing its e-commerce activities, Ralph Lauren CFO and COOJane Nielsen Explain. And for a very different kind of society that is also in difficulty, consultThis popular pizza chain has just filed a bankruptcy .