C&A plans to close Canda International
C&A has announced that its subsidiary Canda International is to close due to a decline in popularity of formal wear following the coronavirus pandemic.
The company said the rise of casual fashion has had a considerable impact on the business prospects of Canda International and has resulted in a loss of revenue.
The proposed plan to close all operations will potentially affect 113 employees.
Giny Boer, chief executive of C&A Europe, said: “A proposed closure is never easy to consider. We are committed to working closely with our social partners, moving through this process together, in line with legal requirements and with the utmost respect for our potentially affected employees.”
C&A said it will now be looking to further expand its position as an omnichannel retailer after online sales grew by 54% in 2021 on the previous year.
Boer added: “The changes in the retail market environment reinforce the need for transformation. However, while improving the online performance, we still believe in the significance of meeting our customers on the high street.”
The retailer recently refreshed almost 400 stores and more store updates are planned for later this year.
C&A, which used to have a presence in the UK, has over 1,300 stores in 18 European countries and more than 25,000 employees.
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