The closures are expected to happen within four to six weeks, with major clearance sales planned at all locations. Discounts may begin around 20% and rise as high as 90% during the final sales period.
The company had reportedly tried to find a way to continue operating, but financial efforts and bids were not enough to keep the business open. As a result, it will close all stores instead of restructuring.
Around 5,000 employees may be affected by the shutdown. The closure reflects the growing pressure on traditional retailers as online shopping, fast-fashion platforms, and changing consumer habits reshape the industry.
