✉news LifeFashion first seen 1 d ago, last 58 min ago, peak #1
Affordable fashion chain to close 120 stores
Original: Affordable fashion chain closing 120 stores due to ‘negative pressure’ on customers
An affordable fashion chain says it will close 120 stores, citing negative pressure on its customers' finances. The company points to shoppers cutting back on discretionary spending as budgets are squeezed, forcing a downsizing of its physical retail footprint. The move adds to a wave of store closures across the clothing retail sector as value chains struggle with weakening consumer demand.
Why now: Consumers are increasingly worried about retail store closures and the squeeze on household budgets affecting budget fashion retailers.
Evidence
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