This popular clothing store closes at least 200 locations
Get ready to see less about this store in shopping centers near you.
The economic effects of the COVID pandemic continue to wreak havoc on some of the biggest names in the retail trade, and the last to suffer is the American eagle. According to CNBC, at a meeting of January 21, American Eagle Outfitters Financial DirectorMike Mathias told investors theplanned company to close 200 to 250 American Eagle Locations. For more information on American eagle closures, read it and to see which chain closes for good, checkThis big beloved store closes all its locations.
Most American closing eagles will be in shopping centers.
There are currently 880 Americans Eagle Stores, but about a quarter of them will closing, "said Mathias. It is too early to know which American eagles will close their doors, but get ready to say goodbye to hundreds of them in shopping centers across the country, where the decrease in feet traffic has revenues. And for another store that leaves shopping centers behind, checkThis iconic clothing mark closes more than 200 stores.
American Eagle stores will closure over the next three years.
"We currently have 880 stores between the United States and Canada. We see that it is between 600 and 700 over the next three years," saidMichael Rempellexecutive vice president andDirector of Operations for American Eagle Outfitters Offices, RecountWomen's wear daily."But we are convinced that we can transfer sales of closed stores to other stores or online, continue to acquire new customers and make the brand American Eagle more profitable over time." And for more brands that may not survive, seeThese two beloved department stores are "slowly, dying slowly".
But expect more Aiel shops.
While the chain seeks to get American Eagle stores, it plans to increase the number of Aiel stores, a subset of American Eagle, which is mainly intimate clothes, sunsets and clothing! . According to CNBC, the company plans to increase from 50 to about 400 to about 400 by the end of the year, then up to 600 by the end of 2023. Allthese changes Find American Eagle's "Genuine power" plan. And for regular retail updates,Sign up for our daily newsletter.
The sister brand has been monitors the American eagle for a long time.
Aerie has exceeded its predecessor for some time now. "It's a tale of two brands," said Mathias on the call. Although the pandemic has contributed to the abandonment sales of the American Eagle, Aerie was already on the right track for Eclipse the mark before Covid is on the picture. In December 2019,Strong named aerie one of the fastest growing clothing brands and predicted that it would soon be swiveling at theThe long-term success of the company.
American Eagle is waitingFourth quarter income Reduce low price figures due to lower brick and mortar sales and minimal shopping center traffic. However, the company expects fourth trimester revenues to be in the range of 20% by 20%. And for another big change to the most popular wholesaler in America, checkCostco removes this from all its stores in February.
