We Now Know Why These Large Retail Companies Are Closing Down Stores

Christopher & Banks

Christopher & Banks said in late 2018 that it intended to close 30 to 40 stores by 2020. This, however, does not mean that the company’s sales are falling. In contrast, the company’s e-commerce activity has grown. Furthermore, it is expected to grow much more this year!

Christopher & Banks

e.l.f Cosmetics

Like the other firms on the list, e.l.f cosmetics wants to close physical stores and focus only on e-commerce. Twenty-two of its stores would shut before the end of March 2019. Customers of this brand, however, need not be afraid because their products can still be purchased on the official website and at drugstores around the country.

elf