
Fashion retailer Forever 21 Inc filed for Chapter 11 bankruptcy on Sunday as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce.
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Fashion retailer Forever 21 Inc filed for Chapter 11 bankruptcy on Sunday as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce.
Iconix Brand Group has reported total revenue of $34.4 million for the second-quarter ending June 30, 2019, a 31 per cent decline, compared to $50.2 million last year.
Kontoor Brands Inc beat expectations for quarterly profit on Thursday as the denim apparel maker’s efforts to cut costs post its spinoff from VF Corp paid off, sending shares up over 13%.
J.C. Penny CEO Jill Soltau is attempting to restore Penney’s roots as a retailer of mid-priced apparel for middle-class families, as she reduces inventory at stores to boost margins and closes underperforming outlets.
Barneys New York filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents and failing in its earlier attempts to find a buyer for the cash-strapped retailer.
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.
The US jewellery and fashion accessories chain has hired a distribution sector veteran, Ryan Vero, as its new CEO. Vero formerly worked with Party City Retail Group, Sears, and Office Max.
Luxury department store Barneys New York is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.
J. Crew Group Inc has hired investment banks to prepare for an initial public offering of its Madewell apparel business, as the U.S. clothing chain seeks ways to revive its fortunes, sources said on Thursday.
The Sears and Kmart parent company announced on Thursday that it has entered into new strategic partnerships with Li & Fung and Triburg in order to drive improvements in its supply chain efficiencies.