Retail Industry
The Latest
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Brooks Brothers Files For Bankruptcy Amid Work From Home Transition
The 200-year-old retailer filed for bankruptcy protection in Delaware after a continued slump in demand for its shirts and suits. The 200-year-old retailer filed for bankruptcy protection in Delaware after a continued slump in demand for its shirts and suits. -
Lucky Brand Files For Bankruptcy Protection Amid Acquisition Talks
Lucky Brand Jeans is the latest US retailer to buckle under the immense financial pressures caused by the global health and economic crisis. Lucky Brand Jeans is the latest US retailer to buckle under the immense financial pressures caused by the global health and economic crisis. -
Under Armour Ends $280 Million Apparel Partnership With UCLA
Under Armour announced that it will be terminating its 15-year $280 million apparel deal with UCLA, which was inked back in 2016. Under Armour announced that it will be terminating its 15-year $280 million apparel deal with UCLA, which was inked back in 2016. -
Sun Hung Kai Malls Giving Away $1 Million In Vouchers To Entice Shoppers
Sun Hung Kai is giving away $1 million worth of cash vouchers to mall-goers at all of its 24 shopping centers in Hong Kong. Sun Hung Kai is giving away $1 million worth of cash vouchers to mall-goers at all of its 24 shopping centers in Hong Kong. -
GNC Shares Plunge Following Bankruptcy Protection Filing
After filing for bankruptcy protection, GNC announced that it will be closing as many as 1,200 of its remaining 5,200 stores as it looks for a buyer. After filing for bankruptcy protection, GNC announced that it will be closing as many as 1,200 of its remaining 5,200 stores as it looks for a buyer. -
Target Raises Minimum Wage For All Workers To $15 Per Hour
Apart from the $2 raise, Target will be giving hourly employees a one-time bonus of $200 each. Apart from the $2 raise, Target will be giving hourly employees a one-time bonus of $200 each. -
Walmart Teams Up With Shopify To Expand Online Business
Shopify stated that merchants on its platform will soon be able to list their products on Walmart's marketplace following the integration. Shopify stated that merchants on its platform will soon be able to list their products on Walmart's marketplace following the integration. -
Jeweler Folli Follie To Exit Hong Kong Amid Continued Disruptions
Folli Follie will be closing all of its 12 stores in Hong Kong and laying off its 60 employees in the city. Folli Follie will be closing all of its 12 stores in Hong Kong and laying off its 60 employees in the city. -
Macy's Shares Surge Amid Positive Response To Stores Reopening
Macy's share prices surged by more than 12 percent on Tuesday, following its announcement of better-than-expected consumer response to its reopened stores. Macy's share prices surged by more than 12 percent on Tuesday, following its announcement of better-than-expected consumer response to its reopened stores. -
Neiman Marcus Is Latest US Retailer To File For Bankruptcy Protection
Neiman Marcus Group aims to come out of bankruptcy by fall with a $750 million package from its creditors that also supported its bankruptcy filing. Neiman Marcus Group aims to come out of bankruptcy by fall with a $750 million package from its creditors that also supported its bankruptcy filing.