Overview
- Orvis confirmed plans to shutter 31 corporate stores and five outlets next year as part of a broad restructuring.
- The retailer has not released a list of affected locations or disclosed how many employees will be impacted.
- President Simon Perkins said tariffs materially altered the company’s business model, prompting the downsizing.
- The brand will phase out some older products and redirect investment to gear, apparel, outdoor experiences, and conservation.
- Shoppers can expect closeout events, including discounts on “Last Release” styles and substantial savings at closing stores, while the company continues to sell through more than 550 independent dealers.