Sentences with phrase «brand store closures»
In 2016, malls and other types of shopping venues have been hit by 280 major - brand store closures, totaling 12.8 million square feet (1.2 million square meters), data from Reis Inc. show.
http://www.nreionline.com/ Not exact matches
The company last week warned about store closures after reporting dismal first - quarter sales of its top three brands.
We're going to see significant, major brands — as we've seen already — not open many stores as they have in the past and it's the beginning of lots of companies announcing store closures.»
Like its competitors, the 159 - year - old brand has grappled with rising online competition, store closures, sales declines in mall - based locations and, most importantly, the high cost of modernizing its legacy infrastructure.
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The results come after the Milan - based brand embarked on a wave of store closures in 2016 as profit fell to its lowest level since its 2011 initial stock sale.
Most recently, BoF learned that the brand would close its remaining London store on Mayfair's Mount Street, with other European closures to follow.
The closure of stores does not sound like a far - flung imagination any longer; what's even worse could be the end of the road for the brand.
The company began store closures years ago for both the Sears and Kmart brands.
On the surface, the decision looks like a continuation of the ongoing store closures that mall - based apparel brands are facing as a sector.
Brown asserts that investors who under - stand the sector's current challenges — and who resist the urge to equate the difficulties facing apparel brands, department stores or malls with those of all other retail seg - ments — will be able to find value this year as rate of closures and bankruptcies for those categories creep up.
Known as the parent company of grocery brands such as Harvey's, Fresco y Más, and Winn - Dixie, Southeastern Grocers currently carries a debt load of more than $ 1 billion and is reviewing the potential closure of up to 200 store locations.