COMPANIES THAT FILED FOR BANKRUPCIES IN 2020
Pier 1 Imports The home goods chain Pier 1 Imports filed for Chapter 11 bankruptcy protection on Feb. 17, listing $340.6 million in liabilities. Its...
Tag : ecommerce
Holiday Sales Likely to See 1% to 5% increase: Deloitte
It is expected that holiday sales are likely to increase between 1 and 5%, and Deloitte’s overall sales forecast between 1,147 and 1,152 billion dollars...
ONLINE DRIVING SALES IN THE UK SHOPPERS BUYING CLOTHING & FOOTWEAR
Shoppers turned online to spend once more in August, driving the strongest UK retail sales growth for more than two years, the latest figures from...
Abercrombie & Fitch’s second-quarter online sales surged 56%.
The apparel retailer reported a surprise profit, as it cut costs amid the e-commerce boom. Abercrombie called out a slower start to the back-to-school season...
950 jobs at risk at Marks & Spencer
The corona crisis accelerates the reorganization plans at Marks & Spencer: the British retailer wants to make three years progress in one year. That will...
Under Armour expects sales to fall 20% to 25% in second half of 2020 due to Covid-19
Despite better-than-expected financial results in the second quarter, Under Armour provided analysts with a cautious outlook due to the Covid-19 pandemic, causing shares to decline...
ADIDAS NEARLY DOUBLES E-COM SALES IN CHALLENGING SECOND QUARTER
Global coronavirus pandemic causes closure of over 70% of Adidas’ stores at high point “The past quarter brought unprecedented challenges for Adidas business as large...
Cold water creek to shut down after three decades
Women’s specialty apparel chain Coldwater Creek has called it quits after more than three decades. The seller of classic women’s apparel, footwear and accessories last...
B2B platform Udaan secures $585 million
Udaan, the Business-to-business (B2B) platform, has secured $585 million from Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures. The round has also seen...