News Formal

The bankruptcies that rocked the retail industry in 2019

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

It was another rough year for retail considering bankruptcies that have shaken out in 2019; Forever 21, Barneys New York, Charlotte Russe and Fred's, among them.

inside 200 of its stores across the U.S. and Canada in 2020. Gap has kept some Janie and Jack stores open.

Things Remembered, a gifting chain, filed for bankruptcy in February. Weeks later, the business was sold to privately held giftware distributor Enesco. When Things Remembered filed for bankruptcy, it had roughly 450 stores. Enesco said it planned to save fewer than half of those stores through its purchase. To try to turn the business around, it said it would offer and hopefully sell more personalized merchandise to customers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These Four CEOs Wrote The Best Business Books Of 2019 For Aspiring LeadersThese 4 CEOs wrote the best business books of 2019 for aspiring leaders GEAUX TRUMP
Source: Forbes - 🏆 394. / 53 Read more »