Remove 2002 Remove Branding Remove Operations Remove Retail
article thumbnail

Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

Premium jeans brand True Religion has filed for bankruptcy for the second time in three years, according to court filings. But the brand’s presence in other struggling stores like Macy’s and Neiman Marcus has not helped its standing as of late, a Bloomberg report noted.

Delaware 160
article thumbnail

Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

Retail 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Buy’s Board Loses Former CEO

PYMNTS

Sometimes, even the brightest LED television screens fade away, and sometimes, the most expensive battery packs that an electronics retailer can stock end up losing their charge. Best Buy announced Tuesday (March 15) that Brad Anderson, former CEO of the organization and current member of its board of directors, is retiring from his position.

article thumbnail

Walmart May Be Looking To Sell Off Its Japanese Business

PYMNTS

Walmart has been operating in Japan for the last 16 years — a time described as “tumultuous” by the Financial Times ( FT ). According to FT reports, Walmart has been approaching bankers to explore an exit by sale from Japan, as the international retail giant is seeking to divest itself of the struggling Seiyu supermarket chain.

eBook 100
article thumbnail

Cosi Files For Bankruptcy

PYMNTS

We believe this process will allow the company to right-size its balance sheet, reduce its debt and focus on improving the business and stabilizing the brand,” Bennett added. Cosi has been traded on the Nasdaq since 2002 and saw its share price peak at around $40 per share in 2006.

Boston 100
article thumbnail

Should Facebook Buy eBay?

PYMNTS

Four years later, in 2002, eBay announced that it would buy PayPal for $1.5 And, in 2011, eBay acquired eCommerce tech platforms GSI Commerce and Magento to create more synergies with the online retailers that were its customers. Speaking of online retailers, eBay went all out to court them. That was down from 23.8

Online 128
article thumbnail

Why The Sweet Smell Of Tech Success Can Be Rife With Failure

PYMNTS

Microsoft was incredibly confident in the product, as were many big names in the early 2000s market: Acer, Compaq, Fujitsu and Toshiba all promised to put out versions of the Microsoft Tablet PC by 2002. ” That is not quite how the story turned out. .” ” That is not quite how the story turned out. The Famicom Console.

Video 152