Orvis to Shut Down Nearly Half of Its Stores Amid Tariff Pressures | AI News Digest
In response to mounting economic pressures, Orvis, the longest-running outdoor retailer in the U.S., has revealed plans to close nearly half of its retail outlets. The Vermont-based company will shutter 36 locations, comprising 31 retail stores and five outlet shops, by early 2026, reducing its footprint from 71 to just 35 company-owned stores. CEO Simon Perkins stated that this move is essential for navigating the challenging tariff landscape that has escalated import costs. Established in 1856, Orvis has historically managed to endure economic fluctuations, but the current climate poses serious threats to its heritage and to the local economies that depend on its presence. The upcoming closures are anticipated to affect employment and community involvement, as many of these stores function as vital gathering spots for outdoor enthusiasts.
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