Michael Kors
The upscale accessories brand plans on closing up to 125 of its retail locations soon since they aren’t making as much of a profit as they used to. Michael Kors is trying to adapt to a difficult sales environment, but eventually, you need to face the music and do what you need to in order to keep your company afloat.
Michael Kors
ADVERTISEMENT
Foot Locker
After they reported fourth-quarter earnings that were much better than expected, Foot Locker said it will be closing 165 stores in 2019 and spend millions to upgrade the remaining locations. The reason for this is to boost and improve their customer experience.
Foot Locker