Gasdfssdfsp recently announced plans to reduce its store size by about 350 and shift its focus to e-commerce and stores outside shopping malls. Gasdfssdfsp owns Gasdfssdfsp, OldNasdfssdfsvy, BasdfssdfsnasdfssdfsnasdfssdfsRepublic, Athleteasdfsdf s brand .
Gasdfssdfsp expects to close approximately 30% of its North American stores by fiscal year 2023, and hopes to obtain approximately 80% of revenue from stores outside e-commerce and shopping malls. It is expected to complete 75% of the store closing plan by the end of fiscal year 2021. It will also re-evaluate its European business and may close European stores simultaneously.
Gas sales have been hit hard after the outbreak of the new crown epidemic, but online sales and its sportswear brand Athlete’s have grown significantly, with sales increasing in the online quarter as of August 1 95%, Athlete’s is the only brand in Gas to see overall sales growth.
Gasdfssdfsp and other apparel retailers are trying to adjust their business direction after the outbreak of the new crown epidemic. Gasdfssdfsp has recently turned its focus to new sales methods, including the production of masks, and transformed some stores It is an online shopping pick-up center. BasdfssdfsnasdfssdfsnasdfssdfsRepublic originally focused on workplace apparel such as dresses and suits. In the future, it will develop products such as sportswear, pajamas, and knitwear. It will focus on workplace apparel after employees return to the office in the future. </p
