This 200-year-old shoe business could disappear
It may be the end of an era for this long-standing shoes in the form of storage in several countries.
Quasi-national loopbacks caused by the Coronavirus Pandemic Cratered have the US economy, which leaves many companiessome of their formwork stores And others quite close. Earlier this month, you probably heard aboutH & M Close 250 stores, But now, there is another beloved brand, the same older, you can say goodbye to. Clarks, founded in England in 1825, closes up to 50 of its stores. According to a report published on October 7 in theIs Daily Press, The shoe company makes an offer to stay afloat byClosing up to 50 stores in the R.U., A decision that follows recent closures in the United States, as well.
On September 14, theBoston Globe reported that Clarks could beClosing up to a quarter of American retail stores of the brand By the end of 2021, hit the number of siteside locations down from 214 to "somewhere in the mid-100s", according to American President ClarksChampion. "We overflowed our brick and mortar portfolio," he explained. (Company representatives say that many store closures are not definitive.)
This is not the first setback for the brand in recent months, however. In April, World reported that shoesClarks envisioned the closure A number of 347 outlets U.K .. In May, the brand announced that it would eliminate 1000 jobs worldwide over the next 18 months, with a fact that General Manager "dismissals were inevitable"
Clarks makes a final I greet you Marie passes to keep the shops open, with Reuters reports that the company has offered Lionrock Capital, an investment company based in Hong Kong, the opportunity ofbe the majority shareholder in the company, which is estimated at up to $ 193 million.
As you know, Clarks is far from being the only store that has been forced to make major changes in the light of the coronavirus pandemic. Continue reading to discover that other stores are rolling operations. And for more insight in which companies close their doors,This great movie channel just announced its fence all places.
1 H & M
On October 1, H & M brand clothing and household items announced that it would close 250 from its 5,076 stores due to a loss related to Covid sales. In a statement, the brand noted that "more and more customers have started online purchases during the pandemic. »
Although, at some point during the pandemic, have been temporarily closed the 80 percent string of the stores as a security measure, the majority have reopened, with representatives of the brand expressing their optimism as to their Ability to stay afloat before going. "Although the challenges are far from over, we think the worst is behind us and we are well placed to get out of the stronger crisis," Chief Executive Officer H & MHelena Helmersson said in a statement. You wonder other shops are not for a long time?This beloved store home closes more than half of the locations.
2 Neiman Marcus
Neiman Marcus cited the "unprecedentedDisturbance caused by COVID-19 pandemic "as a major factor in the decision of the brandfile the balance sheet in May. However, in September, the brandemerged from the bankruptcy process After closing only 22 from his American sites.
3 Northern
In May, Nordstrom announced that it would beClosing 16 of its stores In addition to its three high-end Jeffrey stores, according to a CNBC report. However, these represent only a small fraction of the brand's stataside portfolio, with 100 from the company department and its Nordstrom Rack stores remaining locations affected by these changes. And for more news about your favorite stores,Sign up for our daily newsletter.
4 Lord & Taylor
Lord store Lord & Taylor, Which opened in 1826, announced on August 27 that he would close all his 38 stores for the good after his bankruptcy statement earlier this month. "We believe that it is prudent to put at the same time the rest of the shops in liquidation to maximize the value of the inventory of the estate, while pursuing options for the marks of the company,"Ed Kremer, Chief of Restructuring Office of the Company, said in a statement.
5 Stein Mart
Report store Stein Mart went bankrupt in August, shortly after the company announced its intention to close all of its 280 points of sale. The brand has not lost time discharging its empty stores, with A & G Real Estate PartnersThe list of all its storefronts for rent September 14 and for more shops that we say goodbye to,This beloved retail chain could be closing a store near you.
6 21st century
Century 21, a large regional store loved by everyone from Actual celebrities fictional characters like Sex and city Carrie Bradshaw , announced on September 10 that its 13 sites in New York, New Jersey and Pennsylvania would be closed.
There was clearly no lost love between the century 21 and its insurers after the news. "Our insurers, to whom we paid important premiums each year for protection against unforeseen circumstances as we live today, have turned his back on us at this most critical moment , "CecENT 21 Co-CEO Raymond Gindi said in a blister statement.