Retail

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…

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…

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…

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.…

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…

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…

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…

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…

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…