Lord & Taylor
For more than a hundred years in the business, last year Lord & Taylor shut down the flagship store on Fifth Avenue. Unfortunately, later this year, more stores are awaiting closure too. Lord & Taylor will move up to 10 more stores in 2020, but they haven’t yet said which stores are to be closing down.
Foot Locker
Foot Locker Inc. declared the closing of 167 of its stores in March. The remaining locations will be heavily invested in, hoping to save It will millions on their operation. The decision is an attempt to develop the income margin. Shareholders of the shoe company were thrilled by its strong results in the fourth quarter of last year.