Abercrombie & Fitch
Abercrombie & Fitch’s four most important flagship locations will close at the end of January 2021. The closures, which were planned before the COVID-19 pandemic, will primarily affect London, Paris, Munich, and Dusseldorf, Germany. Three more important stores in Brussels, Madrid, and Fukuoka, Japan, will close this year as their leases expire.
Abercrombie & Fitch
Nine West
Nine West wants to restructure its debts by selling off parts of the company and applying for Chapter 11 bankruptcy. This all happened thanks to its $1.5 billion debt. The shoe retailer decided to let go of its Easy Spirit brand and closed all stores but 25. The brand is also planning to focus more on jewelry and clothing brands such as Anne Klein, One Jeanswear Group, and Kasper Grouper.
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