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budget fashion brand
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- 1Affordable fashion chain to close 120 stores citing pressure on customers▼Affordable fashion chain closing 120 stores due to ‘negative pressure’ on customers
A budget-friendly fashion retailer has announced it will shut 120 stores, pointing to 'negative pressure' on its customers — a signal that financially stretched shoppers are cutting back on discretionary spending. The closures mark a significant downsizing for the chain and add to a broader wave of retail store closures as brands grapple with weak consumer demand and rising costs.
- 2
A budget fashion brand is set to close 120 stores across dozens of US states, in what would mark a significant retreat for the discount retailer on the high street. Details on the timeline of the closures and how many jobs will be affected have not been confirmed, but the scale of the shutdowns is drawing attention amid ongoing pressure on low-cost fashion chains.