Bye-bye to another mall retailer – 150 stores to close
Regarding the reasons behind this shift, Spring speculated, “Our customer has become more selective, which we link to persistent macroeconomic instability and a more intricate news environment.” He continued by explaining that they are implementing adjustments to navigate the evolving situation, declaring, “We have realigned our assortments and modified our marketing timeline to achieve a better equilibrium between value and style.