How Your Favorite Stores Will Take On Fashion Retail’s Unpredictable Future
Feb 10, 2020
Fashion retail is in a volatile state, especially in the U.S. Most recently, luxury store Barneys New York made headlines when it declared bankruptcy and closed all its major locations and flagships. Soon after, cult-favorite boutique Opening Ceremony was bought out by New Guards Group and announced it will shut down all locations starting with its Soho, NYC outpost. Amidst all this, the phrase “Retail Apocalypse” is still being thrown around with big box department stores such as Macy’s and fast-fashion companies like the Gap and Forever 21 also preparing to close more brick-and-mortar destinations in 2020. Read more at Hypebeast.
