This Beloved Brand Just Filed for Bankruptcy
By Sarah Crow of Best Life |
This Beloved Brand Just Filed for Bankruptcy
Another beloved brand has filed for Chapter 11 bankruptcy protection in the wake of the COVID-19 pandemic. On Jan. 26, iconic beauty brand L Occitane Inc. announced that it would be shuttering a number of its stores in the U.S. as a result of its restructuring. Read on to discover how many stores are affected by the company s bankruptcy filing. And for more brands buckling amid the pandemic, This Beloved Furniture Chain Is Closing All But 1 of Its Stores.
L Occitane announced in its bankruptcy filing that it will be closing 23 of its 166 stateside stores in a bid to execute its store footprint optimization plan. The company saw in-person sales drop 56.5 percent between April and Dec. 2020 as compared to its 2019 sales, while its online sales rose by 72 percent.
This Popular Department Store Is Closing All Its Locations
By Sarah Crow of Best Life |
This Popular Department Store Is Closing All Its Locations
A beloved department store is closing all its locations after over 55 years in business. On Jan. 10, Stock+Field announced that it would be shuttering all of its brick and mortar stores in the near future, promising big changes in the weeks to come. Read on to find out what s next for the popular chain. And for another closure that s crushing, check out This Beloved Chain Is Closing All of Its Stores.
The Illinois-based company, which operates stores throughout the Midwest, has not yet announced a definitive closing date for its stores, but will be clearing out merchandise in the near future. In the store s statement to customers, Stock+Field CEO and chairman