An Under Armor storefront is seen on November 4, 2019 in Sunrise, Florida. Joe Raedle | fake pictures Shares of Under Armor fell on Monday after the company disclosed that it received notice of possible enforcement action from the Securities and Exchange Commission related to the accounting treatment of sales …
Read More »Neiman Marcus in bankruptcy to vacate Hudson Yards in New York
The exterior of The Shops at Hudson Yards, where Neiman Marcus is the anchor department store. Source: Related costs. It’s hardly been a year since the lucky guests danced the night away and drank champagne at the new Neiman Marcus department store in Manhattan, with the opening party featuring a …
Read More »Mall owner Simon and Authentic Brands bid $ 305 million for Brooks Brothers
A pedestrian wearing a mask passes a Brooks Brothers store closed during the COVID-19 crisis on May 6, 2020 in Vancouver, Canada. Andrew Chin | fake pictures A company known as Sparc LLC, which is comprised of American mall owner Simon Property Group and apparel licensing firm Authentic Brands Group, …
Read More »Ann Taylor’s mother Ascena files for Chapter 11 bankruptcy
Ann Taylor and Loft’s parent company, Ascena Retail Group, filed for Chapter 11 bankruptcy protection Thursday morning, marking the latest apparel maker on the brink of the coronavirus pandemic. With thousands of physical stores, at its peak, Ascena was once the largest retailer of women’s clothing in the country, having …
Read More »Nike shakes up its executive team and announces job cuts
John Donahoe took over as Nike CEO in January 2020. Kim Kulish | Corbis via Getty Images Nike announced a series of leadership changes Wednesday, as well as job cuts, in an effort to focus on its digital business and sell more directly to customers as the coronavirus pandemic changes …
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