Retail Insight Network talked with Vuealta VP of application Antony Lovell about the...
Tailored Brands likely to file for bankruptcy in Q3
Omnichannel speciality retailer Tailored Brands is reportedly planning to file for bankruptcy protection in as Covid-19 crisis continues to hit sales.
Tailored Brands plans to reduce headcount by 20%, close 500 stores
Omni-channel speciality retailer Tailored Brands has decided to cut approximately 20% of its corporate positions as it deals with coronavirus’ impact on its operations.
Imperative store sale endangers EssilorLuxotica acquisition of Grandvision
EU demands apply extra pressure on the already beleaguered merger amid pandemic. Regulatory clearance for $7.2bn merger between key players in the eyewear industry, subject to the sale of Ray-Ban maker retail stores in Italy and either Holland or France.
RTW Retailwinds files for Chapter 11 bankruptcy protection
Omni-channel speciality apparel retail platform RTW Retailwinds and subsidiaries have filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey.
Bensons to sleep more soundly now it is free of tired Harveys
Harveys & Bensons were the latest dominos to fall in the challenging furniture market, both entering administration last month. While Bensons has been re-acquired by Alteri Investors in a pre-pack, Harveys remains in administration.
Bed Bath & Beyond plans to close 200 stores in next two years
Omni-channel retailer Bed Bath & Beyond has revealed plans to shut 200 stores over the next two years.
How to prepare for a shift in retail demand: Interview with Vuealta
Retail Insight Network talked with Vuealta VP of application Antony Lovell about the way the pandemic has affected demand in the retail industry and how businesses can prepare for another shift in the supply chain.
LXRandCo expects nearly 53% of retail network operational by Q2 end
North American omnichannel retailer LXRandCo has revealed plans to make 53% of its retail network operational by the end of the second quarter (Q2).
Oak Furniture Land’s cash-light position leaves it stumped
Oak Furniture Land was the latest high-profile retailer to fall into pre-pack administration amid the COVID-19 outbreak as its lack of liquidity left it exposed during the lockdown. Now, under new ownership, the furniture retailer’s prospects are positive, but its relatively high price points and narrow uniform aesthetic leave it vulnerable.