The Vitamin Shoppe

The Vitamin Shoppe has been around since the late 1970s and, at one time, was America’s largest vitamin shop behind GNC. Recently the company has been going through some rough financial times and has announced that it would be closing down a majority of its stores.

The company was largely affected by the pandemic and knew that it needed to do something about it. The pandemic and economy have affected almost every type of retail store as sales were low and everything has now become expensive. The Vitamin Shoppe hopes it can pull through, but it is not looking good.

Bebe

Bebe has been around since the 1970s and was founded in San Francisco, California. The company was created by Manny Mashouf, who ended up leaving the company in recent years, which has led to a decline in the company’s sales.

Since the company lost around $4.6 million in revenue in 2020, it decided to close down several stores. The future for Bebe is uncertain as it is close to filing for bankruptcy, which is never good. The company is trying to focus on online sales but isn’t sure if it will be enough to survive.

Nine West

Nine West has been around since the 1980s and has several locations across the country. The fashion retailer was doing pretty well for several years and opened a store in just about every mall in America.

It wasn’t until recently that the company announced that it was in debt of around $1.5 billion and eventually filed for bankruptcy. Nine West has already closed down several locations around the country and plans to liquidate the rest to focus on online sales. It is uncertain if this will save the company, but the owners are counting on it.

Francesca’s

Francesca’s has been around since the late 1990s and became one of the most famous women’s fashion stores. Customers loved the line of clothing that Francesca’s sold, which led to several storefronts opening in malls across the nation.

Now, things are looking quite different for Francesca’s as it has already closed down several stores after the pandemic did a number on it. The company had to file for bankruptcy as it was not able to survive through this brutal economy. A good number of stores are still open, but the company plans to close them all down in the coming years.

Abercrombie & Fitch

Abercrombie & Fitch was founded in 1892 and has been supplying people with some of the most trendy clothes over the years. The company recently announced that it would be closing down several stores due to the pandemic and plan to close down several more in the coming years.

This comes as a surprise to most people as the company has been one of the top brands for years and has stores worldwide. But the pandemic and economy have changed things quite a bit, leading many companies to downsize. The company also announced that it would be closing a majority of its stores internationally.