Abercrombie & Fitch
Abercrombie & Fitch’s four most important flagship sites will close by the end of January 2021. The closures, which were planned before the COVID-19 pandemic, will take place mostly in London, Paris, Munich, and Dusseldorf, Germany. In Brussels, Madrid, and Fukuoka, Japan, three more important stores will close this year as their leases expire.
Abercrombie & Fitch
Nine West
Nine West seeks to reorganize its debts by selling off pieces of the company and filing for Chapter 11 bankruptcy protection. All of this was made possible by the company’s $1.5 billion debt. The shoe retailer agreed to phase out its Easy Spirit brand and shuttered all but 25 of its locations. Anne Klein, One Jeanswear Group, and Kasper Grouper are among the jewelry and apparel labels that the company plans to concentrate on.
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