Retail

Aug07, 2019

Barneys Files for Bankruptcy

Barneys, an icon of New York for almost a century, has filed for bankruptcy this Tuesday. They are looking to find a buyer so they won’t have to resolve to liquidation. Only five out of their ten stores – the…
Aug01, 2019

Gap Has a New Ad Campaign

The new ad campaign for clothing giant Gap stars a 7-year-old blind pianist and a 13-year-old electric guitar player, playing “Sweet Child O’ Mine” from Guns N’ Roses. This marks a push in Gap’s new identity and marketing strategy. CEO…
Jul25, 2019

Tilray Acquires Candy Company Smith & Sinclair to Produce CBD Edibles

Tilray, a Canadian company specializing in pot products, has acquired Smith & Sinclair, the firm that produces boozy gummies, with a plan to create an entire line of CBD (Cannabidiol) edibles. Smith & Sinclair, a UK-based company, infuse sweet treats…
Jul21, 2019

JC Penney Denies Hiring Advisors in Preparation for an In-court Restructuring or Bankruptcy

JC Penney said that it still hasn’t hired any advisors to help out with eventual restructuring or bankruptcy issues. JC Penney said in a statement: “As a public company, we routinely hire external advisors to evaluate opportunities for the Company.…
Jul21, 2019

Dressbarn Will Close 53 Stores in August

Ascena Retail Group announced that it will be shutting down 53 stores of its Dressbarn outlets in August. Dressbarn will most likely have to be permanently shut down and file for bankruptcy. Ascena plans to shut down all 650 Dressbarn…
Jul18, 2019

Amazon Claims That Their Prime Day Surpassed Cyber Monday and Black Friday Combined

Amazon reports record sales for this Prime Day. With more than 175 million items sold, they had more sales for this year’s Prime Day shopping sale than both their Black Friday and Cyber Monday sales events combined. Other records that…
Jul14, 2019

Amazon’s Prime Day Will Test the Company’s Limits for One-Day Deliveries

Prime Day, a global shopping event that lasts only two days and is exclusive to Prime members, begins this Monday. Amazon has promised to provide one-day shipping for all of the 10 million products sold on their website. The event…
Jul12, 2019

129 Fred’s Stores Will be Closing Soon

Fred’s, a discount merchandise retailer announced that they are planning on closing another 129 stores and have sales in an attempt to pay off accumulated debt. Joseph Anto, Fred’s CEO said: “While it is never easy to make decisions that…
Jul03, 2019

Scotch Whiskey among Goods Targeted by New US Trade Tariffs

The United States threatened the European Union with tariffs on EU imported goods, worth up to $4 billion. However, it is unknown when, or even if, these tariffs will be imposed. The US is the largest foreign market in the…
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