Foot Locker
Foot Locker announced that over 167 stores would be closed, while the earnings from these will be incorporated into strengthening the operation of the other locations. The Company is looking to increase its profit margins while shareholders in the Company have announced gratitude for the quality performance the Company recorded over the last financial quarter. While Foot Locker may have come into business in 1974, it was only in 1988 that its individual brand would be established.
Foot Locker
J. Crew
In 2018, J. Crew lost its CEO, and since then, they have been in the headlines a lot. The Company has announced they will be closing a total of 30 stores with January 2020, seeing six shutting their doors. They made the declaration about the closure summer last year, but they are yet to declare the full locations of all the stores that will be out of operation. The loss of J. Crew’s physical presence means a huge blow to consumers who were so used to acquiring so much of their clothing, shoewear, luggage, swimwear, and jewelry from the diverse brand.
J Crew
