Retail news: mall and brand expansion

Asos will not retain the retail chains of the acquired brands, which will be liquidated.

The number of closures in the U.S. retail market will be 14% higher than in 2020.

The retailer became the official licensee of the NBA. The products with basketball symbolism will appear in 1200 stores of the brand all over the world.

The retailer plans to close 23 stores shortly due to difficulties in paying rent.

According to a Green Street study, the value of leading malls in the U.S. is down 46% from 2016.

The brand will introduce the new virtual fitting room in test mode in the summer of 2021.

Pizza Hut said it intends to expand its menu to include the fast-growing Detroit-style pizza, which has become very popular in the United States.

The company cites declining sales in physical stores during the pandemic as the reason for the mass closures.

The new Nike Live store opened in Oregon, becoming the fourth location in the new format after stores in Los Angeles, Tokyo, and New York.

The online retailer of fashionable clothes, ASOS, is considered the most probable applicant for the takeover of famous clothing brand Topshop.

The remaining stores of the British chain will most likely be closed as a result of the deal, and the brand itself will become an online retailer's property.

The crystal jewelry maker will focus on fewer stores with more space.