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Cut-price apparel retailer Primark predicts that store closures during COVID-19 will cost it $1.4 billion
More than 75% of Primark's stores are currently closed, including all its sites in the UK, Ireland, and Germany. Its .....»»
Christopher & Banks plans phased store reopening
Christopher & Banks Corp. plans on reopening a small number of stores on Monday. The Plymouth-based women's apparel retailer announced Friday the stores would open in select markets with reduced hours and minimal staff to observe traffic and demand t.....»»
Roots to permanently close locations in Georgetown, Pentagon City
Toronto clothing retailer Roots Corp. said Wednesday it will close both its stores in Greater Washington. The closure of outposts in Georgetown and at the Fashion Centre at Pentagon City come as part of the liquidation of the apparel company’s U.S. .....»»
Chico"s shares soar after plan to start reopening stores announced
Shares of Chico's FAS Inc. soared 15.1% in Tuesday premarket trading after women's apparel and accessories retailer announced plans to begin reopening stores on May 4. Chico'.....»»
Exclusive: J.C. Penney explores bankruptcy as hopes for recovery fade - sources
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter......»»
TJX to furlough most of about 286,000 staff as stores stay shut amid pandemic
Off-price retailer TJX Companies Inc said on Tuesday it would furlough most of the employees at its stores and distribution centers, as outlets remain closed to curb the spread of the coronavirus......»»
Buckle stores to remain closed indefinitely, furlough most employees starting April 5
Buckle Inc. said Tuesday that it would keep its stores closed until further notice. As a result, the apparel retailer will furlough most of its store associates and corporate workers starting April 5. Furloughed staff w.....»»
Nordstrom shuts stores, pulls 2020 outlook due to coronavirus
Nordstrom Inc said on Monday it would temporarily shut its stores in the United States and Canada and pull its fiscal 2020 forecast, as the upscale retailer joins its peers in an effort to limit the spread of the coronavirus......»»
Nordstrom to close stores in U.S., Canada, withdraws 2020 outlook due to coronavirus
Apparel retailer Nordstrom Inc on Monday withdrew its fiscal 2020 forecast and said it would close stores in the United States and Canada for two weeks due to the coronavirus pandemic......»»
Nike is set to shut down US stores through March 27 due to COVID-19
The athletic apparel company announced Sunday that it was closing all U.S. stores from Mon.....»»
Jeweler Pandora says China business at a "standstill"
Pandora's business in China has ground to a halt, the jewelry maker and retailer said on Tuesday, as a new flu-like virus forced the company to shut around a third of its stores in one of its top markets and shoppers stay at home......»»
Express" stock surges after unveiling new "profitable growth" strategy, to close 100 stores in 2 years
Shares of Express Inc. surged 4.1% in premarket trading Wednesday, after the apparel retailer unveiled a new corporate strategy aimed at profitable growth, narrowed its fiscal fourth-quarter profit outlook and said .....»»
Pier 1 to shut up to nearly half of its stores, raises going concern doubts
Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to almost half of its stores, cut jobs and warned about its ability to continue as a going concern in a tough retail environment......»»
Abercrombie & Fitch trims forecast as Hollister, international business drag
Teen apparel retailer Abercrombie & Fitch Co trimmed its annual sales growth forecast on Tuesday, blaming political issues ranging from Brexit to Hong Kong protests for keeping customers away from its stores outside the United States......»»
Forever 21 likely to shutter these six Greater Washington stores
Forever 21 is likely to shut down six Greater Washington stores, according to the store closing list included in its most recent filings related to its Chapter 11 bankruptcy restructuring. The specialty fashion retailer operates 549 stores across the.....»»
Forever 21 bankruptcy could be really bad news for mall owners
Forever 21 on Sunday night announced it was filing for Chapter 11 bankruptcy, planning to close nearly 200 locations across the U.S. The apparel retailer has 815 stores globally......»»
Pier 1 Imports losing CFO, likely to shut over 45 stores in 2020
Pier 1 Imports Inc's Chief Financial Officer Nancy Walsh is leaving the home furnishing retailer after a year in the job, the company said on Wednesday and reported a 13.7 percent decline in same-store sales in the fourth quarter......»»
Men"s apparel retailer moving HQ to the Beltline
Men’s apparel retailer Onward Reserve is moving its headquarters to a location near a future Beltline trail segment. A building at 116 Bennett St. in Buckhead will be the new headquarters for the company, which has 11 stores acr.....»»
Gap to spin off Old Navy, close stores
Gap Inc., the parent of Gap stores and Old Navy, announced the retailer will shut 50 percent of its name brand outlets and spin-off the money-making Old Navy unit into a separate publicly traded company......»»
Old Navy to open 60 stores this year, driving Gap"s growth
The apparel retailer is meanwhile trimming back its Gap and Banana Republic locations......»»