Legal
July 13, 2020 at 12:37 pm
New York & Co. parent company RTW Retailwinds announced Monday it had filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores. The company said it has kicked off liquidation sales already, with about 92 percent of its brick-and-mortar locations back open during the coronavirus pandemic. RTW Retailwinds said…
July 8, 2020 at 7:46 pm
Retail brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday and is searching for a buyer, CNBC reported. Brooks Brothers is one of the country's oldest retailers, having been founded in 1818, and is best known for its polos and prepster attire. Rent had become a burden for the iconic retailer, and the disruption…
July 7, 2020 at 6:24 pm
Los Angeles-based retailer Lucky Brand filed for Chapter 11 bankruptcy protection on Friday, reports AP News. The apparel retailer blames its troubles in part on the coronavirus pandemic and said it plans to close 13 stores immediately, with more closures possible during the bankruptcy process. Lucky Brand said it has a deal lined up to…
July 6, 2020 at 12:16 pm
Nordstrom is the latest retail tenant to find itself at odds with its landlords. The upscale department store chain has reportedly notified the property owners of its namesake and off-price Rack stores that it will pay only half of its rent costs for the rest of 2020. A letter from President of Stores Jamie Nordstrom to…
June 25, 2020 at 4:00 pm
In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss an article recently published on Total Retail, “How to Achieve CCPA Compliance by the July 1 Deadline,” authored by Colleen Thorndike, director of data strategy at Valid. The California Consumer Privacy Act (CCPA) gives California consumers data privacy rights and…
June 24, 2020 at 5:58 pm
The 85-year-old vitamin and dietary supplement company GNC has announced it's filing for bankruptcy and closing up to a quarter of its stores, CNN reported. The retailer has nearly $1 billion in debt, and is looking for a buyer. GNC has faced declining sales at its brick-and-mortar locations since before the coronavirus pandemic. However, CNN…
June 22, 2020 at 7:19 pm
As consumers living in a digital world, we're well aware of the pervasive data collection practices of companies that monitor online behaviors. What many consumers are not aware of, however, is that in an effort to stay on par with digital retailers, brick-and-mortar stores are beginning to use technologies that can turn stores into “physical websites.” Using facial recognition software,…
June 20, 2020 at 10:02 am
Mall operator Brookfield Property Partners is suing Gap Inc. for refusing to open stores at the company’s properties in Texas and for owing more than $2 million in unpaid rent over three months, Bloomberg reported last week. “For three months running, Gap has failed to pay rent at virtually every Brookfield location nationwide, even for stores that Gap…
June 18, 2020 at 7:50 pm
At a time when retailers could do without more stress, the California Consumer Privacy Act (CCPA) compliance deadline of July 1 is fast approaching. Up until now, many retailers have put off CCPA compliance. COVID-19 and our remote workforces have made meeting the looming compliance deadline even more challenging. Working through the intricacies of CCPA…
June 8, 2020 at 4:32 pm
We live in a time of vast unknowns: No one knows how long the COVID-19 pandemic will last, or how long social distancing requirements will restrict our day-to-day activities. As stay-at-home orders are gradually lifted, COVID-19 cases will continue to emerge until a vaccine is available. Businesses small and large, devastated by state-mandated stay-at-home orders,…
