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Zara, the fashion retailer beloved by Catherine, Duchess of Cambridge, is shifting its focus to online shopping after a sales slump during the COVID-19 crisis. Inditex, the parent company of the ...
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Zara was established by Amancio Ortega Gaona in 1975. Their first shop was in central A Coruña, in Galicia, Spain, where the company is still based.They initially called it 'Zorba' after the classic 1964 film Zorba the Greek, but after learning there was a bar with the same name two blocks away, rearranged the letters to read 'Zara'.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
The company's corporate offices were abandoned and stores across the United States emptied and shuttered, but the store's official website remained active with no reference to the closure. [19] [20] American Apparel closed all of its stores, a total of 110, in April 2017 after being acquired by Gildan Activewear. 2,400 workers were laid off ...
Like Sam Ash, Rue21 is also closing all of its stores — 541 of them across the United States. There are 31 Rue21 stores in North Carolina , including one at Triangle Town Center in Raleigh and ...
Target is closing 9 stores in 4 states (all blue). Walgreens is closing 900 stores (mostly blue),” the post reads. All three retail chains have closed, or plan to close, multiple store locations.
Although Eastland itself was a single-story mall, all three of its original anchor stores were constructed with two stories of retail space. The Sears store closed off its upper level at some point during the 1980s. With the closure and subsequent demolition of Northland in 2002, Eastland became the oldest shopping mall in the Columbus metro area.