Find in the news:
BY COUNTRY

Guess plans to close 100 stores worldwide



The U.S. retailer plans to close a tenth of all retail outlets within 18 months.
Guess Zlote Tarasy

Guess has become one of the retailers significantly affected by the coronavirus pandemic. Due to the shutdown of stores around the world, sales in the first quarter fell by 50% to $260 million (in the first quarter of 2019 this figure was $536 million).

The company was forced to send in unpaid vacations for store employees and half of its office staff. Guess also had to make significant salary cuts and cancel all expenses that were not deemed critical to the company's operations. 

In April, Guess stopped paying rent and began negotiations with landlords to revise rental rates in the wake of the pandemic. According to the company's CEO Carlos Alberini, many retailers' leases are about to expire, leading to the company revising the terms of the lease.

As a result of negotiations with the landlords and will be decided on the closure of retail outlets. Guess' management is optimistic and believes that out of the total number of 1169 stores the company will close only about 100. On the rest, most likely, it will be possible to reach an agreement with the landlords. According to Alberini, "the company's portfolio of stores around the world can be optimized to increase profitability". Most of the stores scheduled for closure are located in North America and China.

More about shopping malls in the USA



Jun 10, 2021, USA:
The National Retail Federation predicts the market will experience the kind of rapid growth "the country hasn't seen since 1984.
Jun 9, 2021, USA:
Several Microsoft experience centers leftover from what was once a large chain of stores will offer more information and the opportunity to buy the company's technology.
Jun 7, 2021, USA:
The billionaire announced that he would fly into space on his own company's ship. The estimated date of flight is July 20th.
Jun 4, 2021, USA:
The three-level retail space in New York City spans about 2,000 square meters.
Jun 4, 2021, USA:
A mall owner has sued Victoria's Secret, saying the company closed the store without paying rent.
Jun 3, 2021, USA:
The company is entering a new market in hopes of recovering from the pandemic.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us