WPBN: After more than 15 years of functioning, a NORTH Face store in a US city will close in a few weeks.
Since 2009, the closing-down establishment has been a fixture in the heart of Philadelphia, but its time is running out. This is because, according to The Philadelphia Inquirer, it will close after January 31.
Additionally, the business has verified that the closure coincides with the store’s lease expiring. A representative told that, “The North Face has a longstanding connection to the Philadelphia community.”
The chain has two additional locations in the greater Philadelphia area in addition to its 3,500 locations worldwide. About 20 miles from the outlet in the city center is the King of Prussia shopping mall, where there is one store.
Another is in the New Jersey township of Cherry Hill, which is around ten miles from the heart of Philadelphia. The closure is expected to result in the layoff of 17 employees.
The parent firm of the North Face shut down a distribution center in Virginia earlier this year.
According to The Denver Business Journal, the corporation also acknowledged that it will be laying off hundreds of workers as part of a “reinvent” campaign.
The goal is to reduce expenses by $300 million. The closure will occur months after the closure of two other North Face stores nationwide.
After five years, a flagship North Face store in Seattle shuttered its doors in May. It is among the few chains that have closed its locations in the city of Washington.
Among the companies that have lately closed stores in Seattle are Nike and Target.
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The US anticipates “45,000 store closures.”
Experts have warned that in the next five years, about 45,000 physical stores may shut. In recent years, a number of large retailers have announced shop closures or completely shut down their operations.
Chains including Mitchell Gold + Bob Williams, Shore City, Tuesday Morning, Sally Beauty, Foot Locker, and Z Gallerie have all closed. Bed Bath & Beyond is now only an online retailer after closing all of its physical locations.
In just a few weeks, a Piggly Wiggly store in Cherokee, Alabama, will close. By Christmas, a 28-year-old Save-a-Lot store in Cedar Rapids, Iowa, will close.
