Chico’s
Chico’s FAS, the parent company of the women’s wear chain retailer Chico’s, will close 250 of their stores in the next three years. The stores concerned have its own name as well as its two other brands, Soma and White House Black Market. The organization has yet to announce the precise locations of the stores that are preparing for closure.
Kohl’s
In order to avoid going through the same difficulties as other outlets in malls, Kohl’s plans to shutter four of its stores either located within or outside malls by 2020. The corporation reported that these shops were “lower-performing” and that workers at those outlets were either given severance pay or jobs at another Kohl’s shop. However, suspensions tend to be more of a way of avoiding any catastrophe than an immediate necessity. By opening four smaller shops the business will continue to run the same number.