The year 2020 is proving to be a tumultuous time for eateries, which is inevitably leading to sizable sales losses. As a result, many restaurants are closing their doors – and for some, this means forever. It’s not just the smaller businesses that are suffering the squeeze, either. This list includes several high street names you’ll probably be surprised to see tightening the purse strings.
20. Frankie and Benny’s
U.K. Italian-American restaurant chain Frankie and Benny’s – which also owns U.S. Wagamama eateries – is entering 2020 on the back foot. It’s had 125 closures this year alone, and more restaurants are set to go in 2021. These branches experienced heavy financial losses, and unfortunately, the owner classified them as “no longer viable to trade.”
The company that owns Frankie and Benny’s – The Restaurant Group – is also looking into other ways to save money. Indeed, it seems that the firm is also in discussions to reduce rent at its active locations, too. But according to company CEO Andy Hornby, the chains they own are “well-positioned despite the very challenging market conditions facing the casual dining sector.”
Proclaiming to have “the world’s greatest” hamburgers, Fuddruckers – originally called Freddie Fuddruckers – certainly has a distinctive name. But don’t feel too sorry for the owner, as it wasn’t named after a real person. In fact, the chain was actually founded by one Philip J. Romano. And he named it after the fictional jocular Fudpucker Airlines, which is popular among pilots.
Fuddruckers is now owned by the restaurant chain Luby’s, and this change in management has also brought with it a spate of closures. According to finance and business website Moneywise, Luby’s has closed 15 Fuddrucker stores worldwide since taking over. It shut one of them – a restaurant in North Carolina – in May this year. And time will tell if more will follow suit.
The potential loss of Cosi eateries strikes a blow to sandwich-lovers everywhere. Snack food connoisseur Drew Harré founded the company in response to a friend’s challenge. You see, Harré said he couldn’t “find a decent sandwich in Paris,” and his pal told him to do something about it. Thus, Cosi was born.
It appears that business has been tough for Cosi for some time; it filed for bankruptcy in both 2016 and 2019. Now, the once-150-eateries-strong business is down to just 11 locations worldwide. And while the future looks unclear for the sandwich chain, it’s currently seeking potential buyers to improve its financial situation. There is still hope, then, that success could perhaps bring the company back from the brink.
17. Sweet Tomatoes
Back in 2016 a company called Garden Fresh Restaurants experienced financial hardships and filed for bankruptcy. Luckily, though, it found a buyer who took on both the salad buffet chain Sweet Tomatoes and its soup-based counterpart, Souplantation. It now seems, however, that these eateries were merely given a stay of execution, as they, too, are now facing closure.
Yes, according to Garden Fresh Restaurants’ CEO, John Haywood, recent changes to how eateries operate have irrevocably damaged the business. He told the San Diego Union-Tribune newspaper as much in May 2020. “The regulations are understandable, but unfortunately, it makes it very difficult to reopen,” Haywood explained. Consequently, Garden Fresh eateries have closed their doors this year for the last time.
Souplantation is the second loss to come from the bankruptcy of Garden Fresh Restaurants. Since it’s based on the same business model as Sweet Tomatoes, the demise of Souplantation occurred simultaneously. Despite the lack of business, though, it seems that many people will mourn the Garden Fresh Restaurant’s loss.
Garden Fresh Restaurants announced online, “The outpouring of love on social media has been overwhelming. We are so grateful to all of the sweet memories you have shared. We would like to thank our 4,400 team members for their dedication and love they have shown to our local communities. We will miss you tremendously and wish you the best of luck.”
Rising costs within the food industry have had detrimental effects on many businesses. One of the casualties is FoodFirst Global Restaurants, which owns both Brio Tuscan Grille and Bravo Cucina Italiana. Unfortunately, the situation only got worse for the company as it reached 2020, and efforts to save the eateries failed.
Just this year, you see, FoodFirst Global Restaurants closed 81 stores. And the company’s CEO, Steve Laty, released a statement on the topic. He reported, “We have experienced nothing short of devastating sales declines.” FoodFirst Global Restaurants has since been placed under a restructuring officer’s scrutiny. Whether they will choose to liquidize or sell the company has yet to be decided, though.
14. Ruby Tuesday
Ruby Tuesday is a casual eatery chain renowned for its cocktails and Endless Garden Bar that provides customizable fresh meals. But various media coverage highlighting Ruby Tuesday restaurant closures suggests that the company is also falling on hard times. In 2018, for instance, it closed 51 restaurants. Then, a further 26 followed in 2019, and there have been an additional three so far in 2020.
Indeed, expert restaurant industry analyst Darren Tristano informed newspaper Asbury Park Press this year that the future doesn’t look bright for Ruby Tuesday. “[It] has been in trouble for years,” he said. “And having to shut down your restaurants and having declines in restaurant sales is really a challenge to get past. Unfortunately, restaurants like Ruby Tuesday are going to see a lot of closures this year and continuing.”
Perkins restaurants have been on a business roller coaster for about a decade – and 2020 is no exception, either. The chain has filed for bankruptcy twice in the past ten years – in 2011 and again in 2019 – and has been bailed out both times. But the opening half of 2020 has already seen at least another two Perkins eateries shut up shop.
The restaurant group attributes its business fluctuations to the rise of labor costs and the loss of paying visitors. If that’s the case, 2020 looks set to be a rough year for the restaurant chain, and it may even see further closures. The real question, then, is whether Perkins’ new partner, Huddle House, can turn the flagging company’s fortunes around.
The Friendly’s restaurant chain started as a simple ice-cream shop back in 1935. The addition of burgers expanded its horizons, and it managed to evolve into a big business. Unfortunately, as a spokesperson told Mashable in December 2019, it’s also threatened by “shifting consumer demographics.” And the situation hasn’t got any easier this side of the New Year.
For example, in February 2020 the Seacoast Region’s last Friendly’s branch, located in Rochester, New Hampshire, closed. And April 2020 saw even more Friendly’s shut their doors for good – 23 to be exact. As for the reason behind this decision, the company blamed rising health food trends. But it seems all is not lost, as George Mitchell, Friendly’s CEO, informed shareholders that this is to “best position the brand for a bright future.”
11. Taco Cabana
In early 2020 Fiesta Restaurant Group – owners of the Mexican food chain Taco Cabana – made a significant announcement. Yes, it declared the closure of 19 eateries across Texas – all of which were apparently underperforming. That’s a considerable cut for the company – roughly 10 percent of its outlets, to be exact – and these developments sent the firm more than $20 million into the red.
Fiesta told NBC the Taco Cabanas in question had pre-tax operating losses of $4.2 million. Furthermore, its profit margin had disappeared completely in this period. Fiesta’s CEO, Richard Stockinger, explained in a statement that these actions could save the company. He said, “These closures eliminate all stores with significant losses, which we expect will result in a highly viable portfolio of restaurants.”
10. Red Robin
The Red Robin restaurant chain had its wings clipped in 2019 when business flagged at some of its locations. Since then, the company has closed ten of its stores in an effort to “drive improved profitability.” And the Red Robin team do believe that they have pinpointed a possible cause for their dwindling success.
The majority of their closures – seven out of the ten restaurants – were based in shopping complexes. With this in mind, Red Robin eschews coincidence and attributes their losses to the declining popularity of malls. Regardless of this, though, sales have dropped by a whopping 65.2 percent in the last year. Let’s hope, then, that Red Robin has a nest egg to fall back on.
Over the past few years, in excess of 200 Applebee’s restaurants have disappeared from high streets. And about 40 of those closures have happened in 2019 and 2020. The company, however, doesn’t seem to be concerned about these losses. According to Applebee’s executives, this is all part of their plan.
You see, Applebee’s acknowledges that its restaurants aren’t as modern as they could be. So, it’s removing underperforming branches from its proverbial apple tree. It’s also modernizing business practices to offer more off-site and delivery services, which is apparently improving sales significantly. Let’s hope that sticking to its core strengths will be the right decision.
As another giant in the food industry, Subway shot to fame for its customizable sandwiches and fresh ingredients. Then in 2016 the chain began to lose favor with diners, resulting in massive closures. Indeed, over 359 Subways closed across the U.S., exceeding the number of eateries it introduced in the States that year. And this, it seems, was just the beginning.
An additional 866 Subway stores closed in 2017 followed by about 2,200 over the last two years. If the pattern continues, the still-prolific sandwich empire could feel the pinch again in 2020. So, what caused such huge losses? It’s unclear, but in May 2020 magazine Moneywise speculated that the healthy eating trend could be responsible.
7. Steak n’ Shake
According to reports over the past few years, the appropriately-named Steak n’ Shake has good reason to be shaking. The chain’s owner Biglari Holdings admitted that just last year, the restaurants saw revenue drop by a whopping $26 million. In response, it hoped to prevent the further plummeting sales by “temporarily closing” 111 restaurants.
As it turns out, though, some of those restaurant closures may actually be permanent. According to website Business Insider in May 2020, Steak n’ Shake’s figures decreased by an additional 36.8 percent this year. BigLari then declared that 51 locations would be shutting their doors for good. And the company’s CEO, Sardar Biglari, attributed this to the eateries being too slow for the fast-food industry.
6. TGI Fridays
TGI Fridays built its empire on an eat-in business model where customers can share food with friends. This approach sadly doesn’t seem to be withstanding 2020’s shift in consumer dining habits, as TGI Fridays’ shrinking profits prove. The chain’s CEO, Ray Blanchette, stated that up to 20 percent of its restaurants will close as a result.
In May 2020 Blanchette told Bloomberg, “Some will close forever, without a doubt. Right now it’s all triage, and it’s all about cash: how are you going to make it through and keep the company solvent?” To answer that question, TGI Fridays is looking at different tactics. “We have become very entrepreneurial,” Blanchette explained. “No one’s got a playbook here.”
Although Feast American Diners own 230 Denny’s restaurants across the USA, that number is soon set to change. Yes, the company is, unfortunately, experiencing what executives are calling “unforeseeable business circumstances,” in turn prompting closures across New York. For now, this means that 15 of NYC’s diners will shut up shop. But other franchises could potentially follow if their managers deem it necessary.
Business Insider spoke with a Denny’s representative on the subject in May 2020. They said, “The final decision to close is in the hands of each franchise business owner and their particular circumstances.” Executives have stated that the business is “not at the point right now,” though, so Denny’s is still in fighting shape.
4. Taco Bell
Did you know Yum! Brands – Taco Bell’s parent company – owns Pizza Hut and KFC, too? Well, out of all those eateries, Taco Bells are particularly loved for their affordability and convenience. But some regions in the U.S. might notice their local Taco Bell missing this year. That’s because over 2019 and 2020, seven of the restaurant’s stores have closed for good.
The loss of Taco Bell stores will surely strike a blow to smaller communities. For example, the one and only Taco Bell restaurant in Kodiak, Alaska was among the latest closures. But it’s a mere drop in the ocean to Yum! Brands as a whole. On the bright side, you see, the company plans to open more Taco Bells and experiment with new restaurant formats in other countries.
3. Pizza Hut
If you or anyone in your family is a pizza lover, you’re likely to have eaten at a Pizza Hut. The bad news is, though, that this could well change in the future. Yum! Brands is shifting focus to move with modern eating habits. And that means moving away from dining in and focusing more on Pizza Hut’s real strength.
To be more specific, the pizzerias’ owning company is closing many eat-in locations in favor of delivery services. In total, about 450 eat-in branches are set in close during 2019 and 2020. In August 2019 Brands CEO, Greg Creed, told TV show Today that the company was “transforming the estate for a more compelling off-premise focused asset strategy.”
Remember when it felt like you could find a Starbucks on every block? Well, despite the company closing some of its stores in 2019 and 2020, that’s actually still the case. Sure, 150 of the company’s coffee houses are shutting up shop permanently, but you shouldn’t have to wander too far to be able to find another.
Kevin Johnson, CEO of Starbucks, explained that the choice was made because the stores in question just weren’t earning enough. Yet it also seems to have lit a fire under executives to address potential problems within the company. They’re now investigating ways to improve healthy eating choices and pushing app sales to adapt to current trends.
1. Burger King
Not even fast-food royalty is immune from the restaurant-ravaging 2020, according to reports by Business Insider. It revealed that Burger King was scheduled to shut up to 250 of its quietest restaurants. And this is a process that was started back in 2019. You’d be forgiven for thinking that this doesn’t sound like a good sign, but the company’s largest owner – Carrols Restaurant Group – says otherwise.
Dan Accordino, CEO of Carrols, told trade magazine Restaurant Business in May 2020 that Burger King is rising to 2020’s challenge. He said, “There seems to be an increased amount of traffic across our entire portfolio in 23 states. More people are on the road. Our drive-thrus have picked up significantly, and delivery has increased dramatically on a week-to-week basis.” So, it looks as though you don’t need to worry about saying goodbye to Burger King for the time being.
But restaurants haven’t been the only companies to have been affected by challenging times and changes in consumer trends over the last few years. Indeed, the retail sector has also been wracked by store closures this year – but has your favorite brand been affected?
These days, it’s likely that your local mall or high street looks quite different from how it appeared just a few years ago. And, unfortunately, that’s not just because new stores have arrived to transform the retail landscape. Some of America’s best-loved brick-and-mortar chains have closed a number of their outlets, leaving loyal customers mourning in their wake. So, which brands are shutting up shop, and why?
In 2019 poor financial projections sadly led to the closure of over 300 GameStop stores, with the same number or more expected to shutter in 2020. Yet this may just be a sound business decision. As it stands, every GameStop in the world apparently has two others on average within a five-mile radius.
46. Bed Bath and Beyond
Bed Bath and Beyond may be a mainstay of the American mall, but even the beloved homeware chain hasn’t escaped the woes plaguing the service industry. In January 2020, you see, the firm said that it would be closing 40 stores nationwide. Among the casualties of the retailer’s cull are the Honolulu and Rhode Island outposts; residents of Ohio, meanwhile, will lose not one but four stores.
Marking Christmas and birthdays may be that bit more difficult for the residents of some U.S. cities, after local media reports claimed that Hallmark will be closing 16 of its stores in 2020. Among those already shut is the company’s shop in Forest Park, Illinois, which bid goodbye to customers that January.
44. Forever 21
Troubled fashion retailer Forever 21 has announced that it expects to be closing a whopping 350 of its shops worldwide – with up to 178 stores believed to be shutting in the U.S. alone. The company filed for Chapter 11 bankruptcy protection in September 2019, saying that it would “exit most international locations in Asia and Europe.”
The news that audio equipment vendor Bose will shutter 119 of its international stores wouldn’t have been music to the ears of the brand’s fans. Included in this number is the entirety of the retailer’s brick-and-mortar shops in the U.S., although Bose outlets will remain in selected locations across Asia and the United Arab Emirates. The company added in a statement that it had opened its first U.S. retail branch all the way back in 1993.
42. Neiman Marcus Last Call
In March 2020 Neiman Marcus delivered a blow to bargain lovers across the U.S. when it announced that it would be closing most of its Last Call stores. The company said that the “majority” of the 22 discount outlets are to get the chop and that it will be focusing on its luxury lines instead.
41. Olympia Sports
As if the postponement of the 2020 Summer Olympics in Tokyo wasn’t enough of a blow to athletic types, they’ll also have to contend with the shutdown of 76 Olympia Sports stores. The move comes after the retailer JackRabbit acquired the firm in October 2019.
40. Modell’s Sporting Goods
Modell’s Sporting Goods – which has passed through four generations of the eponymous family – opened its first store in Manhattan in 1889. Sadly, though, the venerable retailer was forced to file for Chapter 11 bankruptcy protection in March 2020, and all of its 141 outlets are to be shut down as a consequence.
39. Earth Fare
It seems that the healthy-living boom simply wasn’t enough to save organic and natural grocery chain Earth Fare. In February 2020, you see, the company announced that it would shut down all 50 of its establishments across ten states, with “continued challenges in the retail industry” being the reason for that decision. But it’s not all bad news; two months later, Earth Fare said that it would be re-opening two of its stores in Charleston, South Carolina.
38. Destination Maternity
Destination Maternity may be the largest retailer of baby products anywhere in the world, but it’s certainly not too big to fail. A filing for bankruptcy protection in the fall of 2019 recorded a staggering $244 million in total debt at the company, leaving it forced to shutter a total of 183 of its outlets across Canada, Puerto Rico and the United States.
The planned closure of Walgreens stores across the U.S. is likely to prove a bitter pill to swallow for thousands of employees. Yes, in the summer of 2019 the second-biggest chain of pharmacies in the U.S. revealed that it would be axing approximately 200 stores. Among the outlets to have closed thus far are three in San Francisco.
36. CVS Pharmacy
Also taking a hit is the company that pips Walgreens to the post as the largest pharmacy chain in the United States. Throughout 2020, CVS is on course to shut around 22 of its outlets, in fact. Yet that’s only half the number that were closed in 2019 – and a mere fraction of the more than 9,900 stores still operational.
Launched in 1983, fashion and underwear retailer Chico’s rather unusually takes its name from a pet parrot. However, after more than three decades, the company – which serves women over the age of 30 with clothes and accessories – announced that it is moving away from brick-and-mortar stores. As a result, 250 outlets across the U.S. are expected to close their doors by the beginning of 2022.
34. Office Depot
And it’s not just the fashion industry suffering at the moment, as Office Depot has also said that it plans to ax 90 of its U.S. branches by 2021. Apparently, the retailer plans to focus its attention on business-to-business services instead.
33. Lucky’s Market
Yet another casualty in the cutthroat world of supermarket stores is Lucky’s Market – a natural and organic grocery chain established in Colorado in 2003. The retailer is to shut down 32 of its branches, according to a January 2020 article by the South Florida Sun Sentinel. Sadly, this means that around 2,500 employees will lose their jobs.
32. Pier 1 Imports
In January 2020 home goods retailer Pier 1 Imports revealed that it had filed for Chapter 11 bankruptcy. Apparently, the chain also aims to close up to 450 of its 936 U.S. branches along with all of its stores in Canada. Then, in April of that year, Bloomberg reported that potential buyer CSC Generation had proposed closing 90 percent of the company’s stores in return for acquiring its assets. According to The New York Times, stock shares in the firm had plummeted by more than 99 percent between May 2013 and February 2020.
31. A.C. Moore
Sadly, arts and crafts chain A.C. Moore has also called time on all of its approximately 145 stores across the country. It’s an unfortunate development for a brand that’s grown from humble origins, having been established by one man – Jack Parker – in New Jersey in 1985. Yet there’s a small silver lining: around 40 of the stores will reportedly be taken over by fellow craft retailer Michaels.
Once upon a time, Sears was the largest department store chain in the United States. Those halcyon days seem far away, though, as the retailer is now in big trouble, with 51 branches readying to have their tills closed forever. It’s all part of “pruning operations” by the chain’s parent company Transform Holdco, which also owns Kmart. The 2020 pandemic also meant that all Sears stores remained temporarily closed through April.
Unfortunately for Transform Holdco, Kmart is similarly closing a number of stores in 2020. That includes the famous outlet on West 34th Street in Manhattan, which was described by erstwhile Kmart chairman Joe Antonini as “a true ‘Miracle on 34th Street’” upon its opening in 1995.
Another American institution taking a hit from the collapse of the retail sector is Bloomingdale’s. The iconic firm shut down its Miami outpost – one of only 35 full-line stores across the United States – in January 2020. And that location had weathered plenty over the years, too, including a category five hurricane in 1992.
Yet another department store to be affected by the decline of mall shopping is Macy’s. In February 2020 the retailer stated that it plans to shut down 125 of its stores – or around a fifth of its current fleet – over the next three years.
It’s a challenge staying relevant in the cutthroat world of fashion, where social media success can translate into millions of dollars worth of sales. And unfortunately for Express – which has just one million Instagram followers to Zara’s 40 million – keeping the brand afloat may be an uphill struggle. In any case, the chain revealed in January 2020 that it plans to cut 100 of its stores within two years.
Before the turn of the decade, JCPenney operated around 850 stores in Puerto Rico and the United States. This may have been a few outlets too many, however, as the clothes and home goods giant is to say goodbye to a dozen of its locations in 2020. In April 2020 The Wall Street Journal also reported that the company is considering a Chapter 11 bankruptcy loan of up to $1 billion to keep the business afloat.
24. Art Van Furniture
The seemingly unstoppable rise of online shopping was one reason why the death knell sounded for Midwestern chain Art Van Furniture. That’s according to the company’s bankruptcy filing, which cited competition from online stores Wayfair and Amazon as among its most enduring problems. And, sadly, this means that all of Art Van Furniture’s approximately 200 stores are to go in 2020.
With consumers now predominately sending messages online, Papyrus has found itself in trouble. And as the stationery chain’s parent company, Tennessee-based Schurman Fine Papers, filed for bankruptcy in January 2020, it announced the closure of its 254 Papyrus, American Greetings and Carlton Card stores. Branded cards will still be available to buy from other vendors, however.
In January 2020 Gap announced that 230 locations across the U.S. would be closing by the following February. Apparently, poor showings over the 2018 holiday period provoked the decision to ax around half of the clothing giant’s stores within three years. The retailer added that it would instead focus on growing the store count of some of its other brands, including Athleta and Old Navy.
Even off-price and discounted products can’t guarantee retail success in today’s precarious marketplace, as Midwestern department chain Gordmans has learned. Parent company Stage Stores has opted to shut down 200 outlets that are either already trading as Gordmans or were due to be converted. Bad sales and tight finances are said to be among the reasons for the closures.
20. Christopher & Banks
It seems that the so-called “gray dollar” hasn’t been enough to keep Christopher & Banks in rude financial health. Shares in the brand plummeted so greatly, in fact, that it was removed from the New York Stock Exchange. The fashion retailer therefore plans to close up to 40 stores before the end of 2020.
19. New York & Company
With a little help from celebrity endorsements by Brooke Shields and Eva Mendes, New York & Company has made it through over 100 years of trading. But against a backdrop of increasing online shopping, the purveyor of women’s fashion had closed 27 of its branches by February 2020 in an attempt to weather the so-called “retail apocalypse.”
18. Lord & Taylor
Founded in 1826, Lord & Taylor is the oldest department store in the United States. Sadly for two of the retailer’s establishments, though, their impeccable heritage couldn’t ensure their continued operation. Both the Lord & Taylor at the Palisades Center in New York’s suburbs and the branch at Tyson’s Corner Center in Virginia were shuttered in early 2020.
As of January 2020, Walmart was operating 11,503 stores and clubs in 27 countries worldwide. But even the gargantuan corporation has felt the pinch, and this has led those at the top to earmark three U.S. outlets for closure. The affected locations are in North Carolina and the university town of Ypsilanti in Michigan.
16. J. Crew
Michelle Obama may be a famous fan of J. Crew, but the former first lady’s stamp of approval hasn’t stopped the clothing retailer from amassing $1.4 billion worth of debt. This dismal financial situation is unlikely to be helped, either, by the temporary closure of the company’s stores in the midst of the 2020 pandemic.
If you’re reading this on an Apple device, you ought to know that the tech giant has closed all of its international retail stores apart from those located in Greater China. The Apple shops began to temporarily shut in March 2020 and are not expected to resume business until at least the beginning of May.
In March 2020 Nike temporarily shut down all of its stores across Australia, New Zealand, Western Europe, Canada, and the U.S. Even so, employees will be compensated for lost shifts, as a company spokesperson stated to CNBC that month.
The French beauty brand Sephora – which famously pioneered the “try before you buy” approach to cosmetics retail – announced that it would temporarily close all of its North American stores from March 2020. At the time of writing, a reopening date of early April had also been pushed back.
12. Victoria’s Secret
Victoria’s Secret ended its controversial fashion show in 2019, and now it’s put a temporary halt to trading in its brick-and-mortar stores. In a statement released via its website in March 2020, the brand announced that it would be shutting for an indeterminate period in the U.S. and Canada. A month previously, there had also been confirmation that Victoria’s Secret had permanently closed eight outlets north of the border.
11. Lush Cosmetics
In March 2020, the pandemic led soap and body wash firm Lush Cosmetics to announce the temporary closure of its 258 shops in Canada and the U.S. However, late the following month, the company said that it had begun reopening its shops in Europe, the Middle East and Africa.
10. Abercrombie & Fitch
Not long ago, a visit to an Abercrombie & Fitch was an experience in itself – think topless employees, an overwhelming stench of its signature fragrances and loud music. In spring 2020, though, such an adventure became out of reach when the brand temporarily closed all of its branches – aside from those in the Asia-Pacific region. This remains the case at the time of writing.
9. Disney Store
If you want to get your fix of all things Disney, you’ll have to content yourself with the company’s streaming platform. That’s because the House of Mouse’s retail stores shut their doors in March 2020, and at present it’s unclear when they will reopen. Disney’s theme parks across Europe and America have also closed temporarily.
Yoga and athletic apparel brand Lululemon is also among the plethora of companies to shut their bricks-and-mortar stores for the time being. Outlets across Europe and North America are all currently unavailable, although online “sweat sessions” are being offered to customers in lieu of their usual workouts.
Outdoor pursuits and apparel brand L.L.Bean has similarly closed the doors of its stores across Canada and the United States in reaction to international events. Like some of the other companies mentioned here, though, the firm is still processing orders online.
6. The Body Shop
All-natural and cruelty-free beauty brand The Body Shop is another business to have been affected by the 2020 pandemic. The company – which has operations in over 65 countries – ceased trading in its brick-and-mortar stores in the U.S. and Europe in March 2020.
5. Ralph Lauren
Consistently one of the big players in the fashion world, Ralph Lauren is among the many brands that have suspended sales in their retail stores. CEO Patrice Louvet has said that the company will closely monitor the situation and act on expert advice to decide when it will reopen its outlets.
Older heritage brands aren’t the only ones to shut up shop in 2020, however. Glossier – launched in 2014 and loved by millennials – has also called a halt to trading in its U.S. stores. The beauty brand was one of the first to close the doors during the pandemic, in fact.
3. Calvin Klein
You’ll have to go online if you want to nab some of Calvin Klein’s signature branded smalls just now. Yes, in March 2020 the fashion and underwear retailer temporarily closed its stores across Europe and North America. That said, the company’s woes extend further back; in 2019 customers bid adieu to the flagship Calvin Klein store on Madison Avenue.
2. Urban Outfitters
In March 2020 fashion retailer Urban Outfitters joined numerous other companies and shuttered all of its stores across the United States “until further notice.” The retail outlets of sister brands Anthropologie and Free People – both of which also belong to parent company URBN – similarly remain closed at the time of writing.
1. New Balance
New Balance, like its competitors, temporarily closed its stores in North America and Western Europe in March 2020. The sneaker seller went even further, though, by also shutting down its factories and company offices, and at the time of writing it is unclear when they’ll be opening again.