20 + Retail Stores Who Are Closing Down Under Performing Locations
Rather than tucking their tails and jumping into the cloud, many large retail stores are closing down under performing physical locations in order to improve stronger locations. Some are in bankruptcy, a few are shutting down for good, and some will focus on online sales.
These companies are stocking new products, doing market analysis, and collecting data to pull customers from their phones and back into stores.
Here are the 20+ stores that have decided to scale back operations. We will continue to update this post as we hear of new store closings.
Closing: 60 stores
Subscribe and get our daily emails and follow us on social media.
By opting in, you agree to receive emails with the latest in Lifestyle + Entertainment from TellMeNow. Your information will not be shared with or sold to 3rd parties.
Announcement made: March 15th
Moving forward: In the last two years, Guess Inc. has closed 62 stores. The company will close 60 more in 2017. Relieving themselves of these stores will garner $16 million every year, according to WWD. Closures, lowered rent, digital landscape improvements, and more efficient production and distribution are part of Guess Inc.’s plan to better business in the Americas, just-style says.
Disclosure: The information provided by The Financial Genie is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. The Financial Genie does not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Additionally, some of the organizations with products on our site may pay us a referral fee or affiliate commission when you click to apply for those products.