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Tag: stores close
Quiz to close stores as sales plummet
2020-09-09 13:18:00| Daily apparel & textile news and comment - from just-style.com
Quiz says it will close around 15 of its UK stores, while none of its Spanish stores are set to reopen, as the fashion retailer revealed a 77% slump in quarterly sales.
Cell C to close down 130 stores amid financial pressure, warns of potential job losses
2020-08-24 10:39:00| Telecompaper Headlines
(Telecompaper) South African mobile operator Cell C has announced that it is closing down 130 stores across the country as financial pressure continues to ravage the company, ITWeb reported. The operator says it is reviewing its operating model and organisational structure to address inefficiencies. Cell C has since initiated a Section 189 process, advising staff of the possibility of redundancy of certain positions and possible retrenchments.
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Five more Lord & Taylor stores close amid search for buyer
2020-08-21 14:03:00| Daily apparel & textile news and comment - from just-style.com
An additional five Lord & Taylor stores have been earmarked for closure as the department store chain and its owner, fashion rental subscription service Le Tote, continue to review offers for a sale of the company and its brands.
Stein Mart could close all stores as files for Chapter 11
2020-08-12 18:31:00| Daily apparel & textile news and comment - from just-style.com
Stein Mart has filed for Chapter 11 bankruptcy protection in a move that will see it likely to close most - if not all - of its 281 brick-and-mortar stores.
The Children's Place to close 300 stores in fleet optimisation drive
2020-06-15 13:20:00| Daily apparel & textile news and comment - from just-style.com
After booking a net loss of US$114.8m compared with a profit last year and a 38.1% plunge in first-quarter net sales, The Children's Place has marked 300 stores for closure over the next 20 months.
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