These Big Stores Are About To Shut Down This Year And Here’s Why

Published on 07/06/2021
ADVERTISEMENT

Vera Bradley

Vera Bradley is rethinking its business model, focusing on licensing rather than having physical stores. Instead, the company is considering selling home goods through stores like Bed Bath and Beyond and Macy’s. It also intends to close up to 50 of its 110 locations by 2021. Many of the leases will be up for renewal at that time. However, 52 Vera Bradley factory outlets are still open for business, making it possible to visit a physical store.

Vera Bradley

Vera Bradley

ADVERTISEMENT

Henri Bendel

Henri Bendel closed all of its 24 stores across the country in early 2020. The parent company, L Brands, then announced in the fall of 2018 that the entire brand, including its website and famous Fifth Avenue location, would be shut down. Instead, the company chose to concentrate on other high-potential brands like Victoria’s Secret and Bath & Body Works.

Henri Bendel

Henri Bendel

ADVERTISEMENT