This beloved brand has just filed a bankruptcy
The company will get a number of its stores in the United States and Puerto Rico in the near future.
Another beloved brand filed for protection against the bankruptcy of Chapter 11 as a result of the Covid-19 pandemic. On January 26, the Iconic Beauty Brand The Occitane Inc. announced that it would grab a number of its stores as a result of its restructuring. Read it to discover how many stores are affected by the deposit of the bankruptcy of the company. And for more brands flavors in the middle of the pandemic,This beloved furniture chain firm anything but 1 of its stores.
Ycitanannounced in his bankruptcy deposit That it will close 23 of its 166 Assign stores in an offer to execute its "store optimization plan". The company has seen in-person sales down 56.5% between April and 2020 2020 compared to its 2019 sales, while its online sales increased by 72%.
Yann Tanini, General Manager of the Occitane North America, explained in a statement: "Over the past year, we haveaggressively displaced to remedy COVID challenges Head on ... We are looking forward to working with our owners to reach economic partner in this current sales environment and the best position of our branded shop offer for the coming years. "
While the Occitane has not yet announced that the stores will close, it has already put in place 40 employees and leave of 325 additional people in the middle of the pandemic.
Occitane is not the only brand that had to make radical changes since Covid's shot, however; Read it to find out which other stores end due to the pandemic. And for more ways your favorite shopping experience changes,This iconic department store closes 40 other locations.
1 Godiva
Popular chocolatier godiva announced at the end of January that it would beClose all 128 of its locations In the United States, "of course, this decision was difficult because of the care we have for our dedicated chocolates and workers who will be affected. We are grateful for everything they have done to make wonderful moments for our consumers and spread happiness through incredible customer service and live our values and behaviors, "saidCEO of Godiva Nurtac Afridi in a report. And for more companies closing their doors,This beloved house property chain closes more than 40 stores.
2 American eagle
Casual clothing store American Eagle Outfitters announced on January 21 that it would beClose up to 250 stores in the near future. Although the closure of exact stores has not yet been announced, the company will observe the locations concerned over the next three years. "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",Michael RempellExecutive Vice President and Director of OperationsAmerican Eagle Outfitters, explained toWomen's clothing daily. And for more ways, your next purchase trip may be different,These two beloved department stores are "slowly, dying slowly".
3 Christopher & Banks
Clothing store Christopher & Banks, who currently operates 449 locations in the United States, "expects tocloseOtherwise all, from its brick stores and brick stores and Chapter 11, the brand announced the mark on January 14th. "Due to the financial distress resulting from the pandemic and its ongoing impact, we have chosen to initiate this process and continue a potential sales of the company in whole or in part to position the company for the future,"Christopher & Banks' President and CEO Keri Jones explained in a statement. And for the latest news from the store closure delivered directly to your inbox,Sign up for our daily newsletter.
4 Stock + field
Midwestern Department Stock + Field announced on January 10th that it would beShut down After a 55 year old race. "WeI hope to reopen stores At one point in the future, but for the moment, please enter, say hello to your favorite employee and enjoy ridiculously low prices, "said Stock + PDG of land and presidentMatthew F. Whebbein a report. And for another big store in difficulty, check This emblematic department store has just filled a bankruptcy .