Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohls sees an opportunity in the coronavirus pandemic to steal market share from troubled retailers and gain new customers if competitors go bankrupt and liquidate their stores. “We …
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A view outside a Kohl’s store on July 16, 2020 in Miramar, Florida. Johnny Louis | Getty Images Kohl’s revenue fell 23% during the fiscal second quarter, the retailer said Tuesday, which was not as bad as analysts feared as the coronavirus pandemic forced stores to close in the US …
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Jamie Salter, Chairman and CEO of Authentic Brands Group LLC. Norm Betts | Bloomberg | Getty Images He helped save Barney’s from liquidation last year and plucked retailers Brooks Brothers and denim clothing maker Lucky Brand from bankruptcy this month – just warming up for Jamie Salter. “I’m in the …
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A pedestrian walks through a Lucky Brand retail store on July 6, 2020 in Corte Madera, California. Lucky Brand Dungarees based in Los Angeles announced that it has filed for Chapter 11 bankruptcy because the company has millions of dollars in debt. The retailer will close 13 of its 200 …
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Off-price chain Stein Mart, which announced on Wednesday that it had filed for Chapter 11 bankruptcy protection, will officially close all its stores for good. The company’s liquidators – a team of Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group, B. Riley Financial’s Great American Group and SB360 Capital Partners …
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