Vera Bradley
By 2021, when the leases are expected to expire, up to 50 out of Vera Bradley’s 110 branches are planning to close, due to the reconsideration of business strategy, which moves to focus on licensing rather than having actual physical stores. 52 of the company’s factory outlets are currently open, so customers are still able to visit its stores. Other brands such as Macy’s and Bed Bath and Beyond will most likely buy its home merchandise.
Vera Bradley
Abercrombie & Fitch
A company spokesperson, reported by the Business insider, declared that Abercrombie & Fitch will continue investing despite the fact that they reported that it is closing 40 of its stores by next February, the majority being in the United States. This figure is a lot higher compared to the 29 stores that have closed in 2018. The new investment looks to add 40 new stores and plans to provide roughly 85 new experiences with a continued reduction of total square footage.
Abercrombie & Fitch
