Report: Timberland Closing 40 Stores Internationally
Stratham, N.H., Timberland Co. is closing 40 of its large-format specialty stores in the United States, Europe and Asia, according to GlobeSt.com.
Management is also closing “several” of its outlet stores, and did not give specific locations of the units it is shutting, though most of them are in the United States, the report said.
Executives said that the “action is consistent with the company's strategy to transition to smaller, footwear-focused stores in the United States and in certain international markets.”
The closures are scheduled to take place in the first few months of next year, the report said.