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

Published on 07/22/2021
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Vera Bradley

Vera Bradley is rethinking its business model, focusing on licensing rather than physical shops. Instead, the firm is thinking about selling home products via stores like Bed Bath & Beyond and Macy’s. In addition, it plans to shut up to 50 of its 110 stores by 2021. Many of the leases will be up for renewal at that time. However, there are still 52 Vera Bradley production locations open for business, visiting a genuine store possible.

Vera Bradley

Vera Bradley

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Henri Bendel

In early 2020, Henri Bendel shut all of its 24 stores throughout the nation. L Brands, the parent company, then announced in the fall of 2018 that the whole brand, including its website and famous Fifth Avenue shop, will be closed. Instead, the company focused its efforts on more promising brands, such as Victoria’s Secret and Bath & Body Works.

Henri Bendel

Henri Bendel

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