Beloved 80-year-old women’s fashion retailer to close 120 stores

A value women's fashion retailer, which has operated for 80 years, is closing 120 underperforming stores. This decision, announced in September, marks the end of an era for the beloved chain. While the company is shutting down a significant number of locations to optimize its footprint, it simultaneously plans to open 10 new stores. This strategic shift aims to address performance issues across its retail network while maintaining a presence in selected markets.