American Eagle
Following the revelation of plans to close 40 to 50 stores by 2020, they may open additional American Eagle locations this year. Last October, executives warned that the business may shut up to 500 sites over the next two years as leases expire. According to Chief Financial Officer Mike Mathias, while deciding which locations should close permanently, the business considers “lease duration, mall profile, accessibility to other retailers, and customer experience level.”
American Eagle
Zara
Zara is shifting its attention away from brick-and-mortar stores and toward online shopping in the aftermath of the coronavirus pandemic. Inditex, the parent company of the apparel brand, said this summer that it would close up to 1,200 stores worldwide over the next three years, beginning in 2020. The business also intends to invest $3 billion in improving its digital operations, such as hiring more online customer care representatives.
Zara
