Retail

Nov01, 2019

Simon Property Group CEO Says the Retail Industry is “Reaching the Bottom” of Bankruptcies

David Simon, the Chief Executive Officer of Simon Property Group, the biggest mall owner in the United States of America, says that the wave of bankruptcies that have been rocking the world of retail this year is finally expected to…
Oct11, 2019

Vans and Tiffany Are Cautionate Because of Hong Kong Protests

Vans, a US-based sports brand, has removed what they say are a “small number” of submissions for their sneaker design competition because one of them gave a positive shout out to protests that are currently going on in Hong Kong.…
Oct11, 2019

Walmart Will Sell ModCloth to Go Global Retail

Walmart is planning on selling ModCloth, their online apparel store which they bought in March of 2017 for an undisclosed amount, to Go Global Retail. Go Global's Jeff Streader said: “We believe that together with current management, ModCloth has the…
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…
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