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Global Brands are Closing Thousands of Stores Because of Covid-19



A full list of fashion and beauty retailers that have suspended their activities in the United States.
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Major international brands are forced to suspend operations in dozens of countries amid the spread of coronavirus, quarantine and the refusal of consumers to visit shopping centers and retail stores. As retailers in mainland China gradually come to life, more and more fashion retailers in Europe and the United States are stopping to operate. 

As of 18 March 2020, the total number of reported cases due to Covid-19 was close to 200,000. More than 30,000 cases were confirmed in Italy, including the most affected countries France, Germany, Spain and the USA. Thus, retailers that experienced a sharp drop in revenue in February due to the suspension of operations in China are now losing key markets. 

To date, it is known that Adidas closed its stores before March 29. Gap has temporarily suspended about 100 stores in the most affected regions. H&M has closed hundreds of stores until April 2, Nike - until March 27, Reebok - until March 29, Sephora - until April 3, Victoria's Secret - indefinitely. 

All employees of retail chains who have been suspended from work will continue to receive their salaries in full. Losses of retailers against the backdrop of this situation are estimated at billions of dollars. It is expected that the situation on the US and European markets may stabilize not earlier than the end of March - beginning of April. 

The complete list of fashion and beauty retailers that closed their stores in the USA in March looks like: 

  • Phillip Lim - for an indefinite period
  • Abercrombie & Fitch - until 28 March
  • Aday - for an indefinite period
  • Adidas - until March 29
  • Anthropologie - until March 28
  • Aritzia - - for an indefinite period
  • Allbirds - until March 27
  • Ba&sh, - for an indefinite period
  • Catbird - for an indefinite period
  • Calvin Klein - until March 29
  • Calzedonia - until March 27
  • Converse - for an indefinite period
  • Everlane - until March 28
  • Falconeri - until March 27
  • Free People - until March 28
  • Gap - more than 100 stores temporarily reduce operating hours
  • Glossier - for an indefinite period
  • Greats - until March 28
  • Hatch - for an indefinite period
  • H&M - until April 2 
  • Hot Topic - until March 30
  • Intimissimi - until March 27
  • J.Crew - until March 28
  • Kith - for an indefinite period
  • Lululemon - until March 27 
  • Madewell - until March 28
  • Moussy - until March 30
  • Naadam - for an indefinite period
  • Need Supply - for an indefinite period
  • Nike - until March 27
  • Nordstrom - until March 31
  • Opening Ceremony - indefinitely
  • Outdoor Voices - until March 27
  • Patagonia - until March 27
  • Reebok - until March 29
  • Reformation - for an indefinite period
  • Rent The Runway - until 23 March
  • Rothys - until March 31
  • Sephora - until April 3
  • Steve Madden - until March 27
  • Supreme - for an indefinite period
  • Thakoon - for an indefinite period
  • Tommy Hilfiger - 29 March
  • Uniqlo - for an indefinite period
  • Urban Outfitters - for an indefinite period
  • Victoria's Secret - indefinitely



More about shopping malls in the USA

TODAY, Russia:
IKEA introduced a gallery of backgrounds for video calls that are becoming increasingly popular when working from home.
TODAY, Germany:
Faced with an extremely adverse reaction, Adidas apologized and said it would still pay rent for April.
YESTERDAY, USA:
The WeWork network of coworkers has started offering tenants to halve their rents, provided they sign a lease agreement for several months.
Mar 31, 2020, France:
The brand will refocus some of its production capacity on producing masks and other protective equipment to join the global fight against the pandemic.
Mar 30, 2020, Germany:
Several major retailers in Germany have decided to stop paying rent for stores that are forced to idle due to the coronavirus epidemic.
Mar 26, 2020, USA:
McDonald's restaurant chain is forced to revise the menu as the coronavirus spreads.
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