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July 21, 2015 at 1:56 pm
Just six months after Kate Spade shuttered its standalone contemporary line, Kate Spade Saturday, and closed down all of its Jack Spade stores, the company is ready to expand again in a huge way. WWD reports that Kate Spade has a slew of new projects in development, possibly to unhook the brand from heavy dependence…
July 21, 2015 at 1:53 pm
The Great Atlantic & Pacific Tea Company Inc., which controls the A&P supermarket chain, filed for Chapter 11 bankruptcy overnight Monday and threatened to liquidate without approval for a sale of some of its stores. The filing marked the second Chapter 11 bankruptcy for the 156-year-old A&P chain in the past five years, giving the…
July 21, 2015 at 1:48 pm
Though C. Wonder filed for bankruptcy in January, the preppy retailer's narrative isn't quite done. On Friday, Xcel Brands announced that it's entered an agreement to acquire C. Wonder's intellectual property rights, trademarks and related designs. Until now, those assets were controlled by C. Wonder founder Chris Burch (also the ex-husband of Tory Burch), who…
July 20, 2015 at 3:11 pm
Gap is hooking up with some odd bedfellows these days. The struggling apparel chain is piloting co-branded makeup counters with online beauty subscription service Birchbox, and testing a free delivery service with Virgin Hotels Chicago so that guests can have Gap fashions delivered straight to their hotel room. The Gap’s new flirtation with the high-margin…
July 20, 2015 at 2:43 pm
Marc Lore's ambition is as spectacular as his view of the sparkling Manhattan skyline. From new headquarters on the Frank Sinatra side of the Hudson River, the former Quidsi founder's latest venture — Jet.com — plans to take on online shopping's biggest players, from Amazon.com to Wal-Mart. Jet's consumer proposition is as simple as its…
July 20, 2015 at 2:36 pm
PayPal Holdings Inc. will make its stock debut with a market value almost 1.4 times that of eBay Inc. as investors bet on bigger returns from the digital payments business than its former parent company struggling with slow growth. PayPal starts trading Monday with a market capitalization of about $46.6 billion, data compiled by Bloomberg…
July 20, 2015 at 2:29 pm
CVS and Wal-Mart Canada said on Friday that a data breach at a Canadian information technology vendor may have leaked credit card information from their online photo processing websites, possibly compromising data on millions of users. The two retailers have temporarily shut down their online photo processing services and related mobile services, and are investigating…
July 17, 2015 at 2:10 pm
After spending more on school supplies and electronics in 2014, parents this year will head into the back-to-school season evaluating what their children really need before spending on new items. According to the National Retail Federation's Back-to-School Spending Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 plans to…
July 17, 2015 at 2:03 pm
Quirky, a 2012 startup darling that burned through about $150 million in investment by 2015 and had to layoff about 20 percent of its staff, has figured out its next move, CEO Ben Kaufman says. And he's hopeful he'll land a fresh round of funding to help him, he told attendees at the Fortune Brainstorm…
July 17, 2015 at 1:57 pm
Ollie's Bargain Outlet CEO and President Mark Butler rang the Nasdaq bell to open the financial market on Thursday. It was a special day for Butler, who was on-hand to witness the initial public offering of the Harrisburg, Pa.-based company, which opened its first store in 1982 in Mechanicsburg. "How cool is that?" Butler said…
