J. Crew
The closures of 6 stores in January 2020 due to the loss of its CEO in late 2018 have caused J.Crew to Crop up all over the headlines recently. The closures are part of an ongoing initiative to close down 30 shops. Last summer, the plan was made public. But, the precise number of locations that will be closed to meet the companies goals are still unclear.
J. Crew
Kohl’s
In order to avoid falling through the same difficulties as other retailers in malls, Kohl’s plans to close four of its stores either located within or outside malls by 2020. The company claimed those stores were “under-performing” and either provided severance pay or a position at another Kohl’s store to the employees of the said locations. The closures, however, seem to be more of a way of avoiding any catastrophe than an it being an actual urgent need. By opening four smaller stores the business will continue to run the same number of shops.
Kohl’s
