Good Lifestyle

The last years have created the perfect storm of instabilityFor the landscape of retail. In 2020, consumers flocked online to shop in the middle of cocovid locking, which seriously affected store sales andeven forced certain retailers Like Modelll and Lord & Taylor sports items to close all their brick and mortar locations. Even the big names that have survived as CVS and H&M have recently closed stores in increased efforts to focus more on digital growth. Now record inflation could serve as a nail in the coffin for retailers who find it difficult to stay afloat. Recently, a popular clothing company revealed that it would close the stores this month while noting that business had "softened". Read the rest to find out which retailer closes the locations in August.

Read this then:This popular supermarket chain closes all its pharmacies.

Clothing companies have had a lot of trouble in recent years, even with the growth of e -commerce at retail. According to the last of the American census officeAnnual retail trade survey Published in April 2022, sales in clothing and clothing accessory stores increased from $ 269.5 billion in 2019 to 201.4 billion dollars in 2020. This happened as "the need for new Clothes and accessories for the workplace or social outings ”.AE0FCC31AE342FD3A1346EBB1F342FCB

Several clothing companies have closed stores accordingly. In June, bothChico's and Banana Republic confirmed store closuresin the USA And last month, Loft, Fallas and JCPENNEYAll have started to close locations Around the country.

Now another popular clothing chain faces closings.

If you are a frequent buyer at Dillard, you may want to prepare for the news that the firm clothing chain of the place.

According to the age of the store chain, the company announced in its report in the second quarter thatAt least two locations are ready to close: the Dillards at Sikes feel at Wichita Falls, Texas; And the Dillards at the East Hills shopping center in St. Joseph, Missouri. "The two locations areexpect to close During the third quarter, "said Dillard in a report on August 11.

RELATED:For more up-to-date information, register for our daily newsletter.

Following Dillard's contradictory reports,St. Joseph News-Press confirmed that the Dillard's authorization in the East Hills shopping center would actually close on August 27, as indicated by a message on the store's telephone line. According to the newspaper, the closure of this place was originally announced in April after the store roof was damaged in a walking tornado, but in May, a press release was published saying that the location remains open.

The Wichita Falls Dillard also faced contradictory reports. On May 12, the Texoma home page reported that a spokesperson for Dillard had confirmed the storewould closure During 2022. Then, two weeks later, it was reported that Dillard had canceled the closure plans following the agreements with the new shopping center. But like the Missouri Dillard, the Texas Dillard will indeed close on August 27, according to the home page of Texoma.

According to the recent report, Dillard currently operates 250 stores and 29 customs clearance centers in 29 different states. The company actually plans to open a new store in the fall of 2023, at the Empire Mall de Sioux Falls, southern Dakota.

Nevertheless, the CEO of DillardWilliam T. Dillard II said that if the "performance in the first half of the company was much better than that of last year", because net profit increased by 21%, inflation weakened business as consumers begin to curb their expenses. "Business has softened during the quarter," said Dillard in the report.