About 4,810 store closures have been announced by US retailers for 2019. Gap is planning to shut 230 of its namesake brand stores over the next two years. This fiscal year, Gap expects to close about 50 company-owned stores, net of any new openings or repositioning.
Victoria’s Secret is planning to shut 53 stores this year, as the lingerie retailer struggles to appeal to women with its outdated bra and underwear merchandise. On an average, the company has been closing roughly 15 stores every year.
Teen apparel retailer Abercrombie plans to close up to 40 stores during fiscal 2019, after closing 29 locations last year. The company has, meanwhile, been working toward reducing the size of its stores and remodeling existing locations. Abercrombie also plans to open additional stores this year, to make up for the closures, after opening 22 stores in 2018.
Tesla will shift its sales online and close most of its stores as a result. A small number of Tesla stores will remain open as galleries, showcases and Tesla information centers, where customers can learn about the company’s products and buy Tesla merchandise. Tesla had been opening up shop in malls across the US to operate more than 100 stores and showrooms.

- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Crude correction gives polyester a fresh cost advantage
A sustained correction in crude oil and petrochemical benchmarks is reshaping the economics of synthetic yarns, widening the cost gap... Read more
Chinese apparel majors trade volume for margin in premiumisation push
China’s apparel and consumer goods market is moving beyond the traditional volume-at-any-cost model, with leading domestic brands betting on premium... Read more
India’s MMF push faces rising risk from China’s petrochemical dominance
India’s ambition to build a globally competitive synthetic textile industry is facing constraints as downstream capacity alone cannot solve: concentration... Read more
Shein’s Vietnam retreat exposes the limits of nearshoring
The global apparel industry has spent the past few years pursuing a straightforward strategy: reduce dependence on China by moving... Read more
Regional pavilions compete on fiber strengths and supply chain niches at Yarn Ex…
The trade floor at Yarn Expo Autumn 2026 in Shanghai, held between Aug 25-27, capitalizing on a sharp rebound in... Read more
Inside activewear's shift from stitched mesh to precision engineered textiles
The global functional apparel market, on track to touch $640 billion, is looking at a production shift as activewear manufacturers... Read more
Brazil’s cotton dominance puts Asian spinners on a new sourcing map
Brazil’s emergence as the world’s largest cotton exporter is no longer simply an agricultural success story. It has given a... Read more
Textile industry sees long-term growth but $100-bn export goal stays a stretch: …
India’s textile and apparel industry is entering a phase of optimism, but that confidence is tempered by a hard export... Read more
Apparel trade slumps as global textile mills move upstream
Global manufacturing is growing, but finished apparel is failing to capture that growth. United Nations Industrial Development Organization (UNIDO) data... Read more
Global apparel value chain converges in Shanghai as Intertextile Autumn 2026 ope…
The global apparel and textile community gathered in full force yesterday, August 25, 2026, as the Autumn Edition of Intertextile... Read more












