Target on Wednesday reported its best quarterly comp sales growth and online revenue that nearly tripled as customers took advantage of the retailer’s quick and contact-free delivery to shop for clothes and home decor.
American off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns.
Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
The Dallas, Texas-based department store operator has contracted A&G Real Estate Partners to market the leases of four of its locations as it tries to raise funds as part of its ongoing bankruptcy proceedings.
As the New York-based brand management company continues its search for a financial lifeline, Iconix has announced that it is examining a range of strategic alternatives, including a potential sale or merger.
The owner of Tommy Hilfiger and Calvin Klein has revealed that it is closing its heritage brands retail business as part of efforts to streamline its operations in North America in the wake of the Covid-19 pandemic.
Men's apparel brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday, joining a long list of retailers including Neiman Marcus that have crumbled under the impact of the coronavirus crisis.