Fashion retailer closes 64 stores as it reshapes its business
After closing dozens of stores and offloading a brand, one of the fashion industry's best-known groups is continuing to reshape its retail footprint. The company ended its latest fiscal year with fewer stores overall, even as it continued opening locations for one of its biggest…
After closing dozens of stores and offloading a brand, one of the fashion industry's best-known groups is continuing to reshape its retail footprint. The company ended its latest fiscal year with fewer stores overall, even as it continued opening locations for one of its biggest…
BELLINGS Intelligence Score: 10
Why it matters
The closure of 64 stores by a fashion retailer is routine corporate restructuring and operational adjustment with limited direct impact on credit markets or financing conditions.
Sources
TheStreet
Fashion retailer closes 64 stores as it reshapes its business
After closing dozens of stores and offloading a brand, one of the fashion industry's best-known groups is continuing to reshape its retail footprint. The company ended its latest fiscal year with fewer stores overall, even as it continued opening locations for one of its biggest…