Closing

Zara Is Closing Over 1,000 Stores to Invest in Online Shopping

Paul J. Carlson 3 weeks ago

Zara is the latest fashion brand to start closing retail stores across the globe due to the ongoing COVID-19 pandemic, which has kept many shops closed since mid-March.

On June 12, the fast-fashion retailer’s parent company, Inditex, announced its plans to shut down between 1,000 and 1,200 brick-and-mortars over the next two years and divert resources into online sales strategies.

It’s not yet known exactly which Zara locations will be affected, but the closings will be “stores at the end of their useful life” and “whose sales can be recovered in nearby stores and online,” the company said their statement.

Under that plan, Inditex CEO Pablo Isla confirmed the company will “increase the online customer service teams and the dedicated packaging both from the specific online stockrooms and from the stores,” as well as offer customers “uninterrupted service no matter where they find themselves, on any device

… Read More

JCPenney Is Permanently Closing 154 Stores

Paul J. Carlson 4 weeks ago

Near the end of May, JCPenney filed for Chapter 11 bankruptcy, announcing that it would permanently close about 30 percent of its stores. On Thursday, the apparel and home retailer said it would be begin closing 154 locations as part of its first phase.

Stores in 38 states across the country will be shuttering its doors for good. The store closures include eight in California, nine in Florida, seven in Georgia, nine in Indiana, seven in New York, nine in Ohio, and seven in Texas. In the coming weeks, there will be phases of store closing sales, which JCPenney expects will take 10 to 16 weeks to complete.

News of the store closures comes as JCPenney gradually reopens stores temporarily closed due to the coronavirus pandemic. So far, it’s reopened nearly 500 locations, implementing added safety measures based on CDC guidelines and state as well as local mandates. Some

… Read More