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Global brands close stores

Fashion brands the world over are closing their stores for now in the wake of COVID-19. Urban Outfitters, the group that owns the homonymous brand, Anthropologie and Free People, has closed all of its stores in the United States, Europe, and Canada. VF Corporation owner of brands such as Vans, The North Face and Timberland is closing its stores across North America, its most successful market by revenue. Similar actions have been taken in the EMEA region and the Asia Pacific. Inditex has closed its stores in Spain. In total, the group has 1,953 points in the country, which consists of brands such as Zara, Massimo Dutti, Bershka, Stradivariusm, Oysho and Uterqüe.

Athletic apparel company Lululemon has closed all of its stores in North America and in Europe. The American company has a total of 479 stores. Fast Retailing has closed its stores in France and Spain. US-based Abercrombie will close its stores in the United States, Canada, and Europe, which amounts to 338 stores in these markets. For the brand, the United States is one of its most important markets in terms of revenue and store presence, as the company has more than half of its stores in this market.

 
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