These Are The Popular Stores That Are Closing Down This Decade
From Forever 21 to JC Penny, these are the most popular stores that might close this decade!
2. J. Crew
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Many popular stores, like J. Crew, have started closing many of its stores due to plunging sales over the past few years. However, J. Crew has had it worse than most. The store closed its bridal store and also parted ways with its former-CEO, Millard “Mickey” Drexler, and creative director, Jenna Lyons. That was after Drexler confessed he believed the company’s financial hurdles stemmed from raising prices.
More specifically, Drexler explained that J. Crew had raised prices and expanded during years when costumers became more and more thrifty. Not the best idea! While the company suffered under $2 billion debt, a debt exchange in June presented the company with some relief. Hey, let’s see what the future holds for J. Crew!
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