Day

July 8, 2020
With bankruptcy purportedly imminent, Ascena Retail Group is reportedly preparing to close at least 1,200 stores. The retailer, could file for Chapter 11 protection as early as this week, according to a Bloomberg report, with an agreement in place to shed about $700 million of its $1.1 billion in debt. Across its banners — including Ann...
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MILAN — Leading cosmetics manufacturer Intercos Group said Wednesday it has taken over the joint venture it created with fashion and beauty retailer Shinsegae International by acquiring the remaining 50 percent of Shinsegae Intercos Korea Inc. Financial details of the deal were not disclosed. The operation mirrors Intercos’ strategy of further investing in the country, leveraging...
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Just as shoppers were beginning to inch back to stores, with local economies reopening and malls turning their lights back on, retail traffic declines are accelerating yet again, according to a report. Retail traffic in the U.S. was down the most so far in 2020, on a year-over-year basis, during the week ended April 18, according...
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