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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

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True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017. Due to the pandemic forcing stores to close, around a million employees of various brands and retailers have been furloughed.

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Bringg Raises $12M To Give Retailers More Control Over Shipping

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Founded in 2013, Bringg’s platform enables enterprises and third-party logistics providers to manage on-demand and last-mile deliveries in more than 50 countries worldwide. Its annual contracts can run into the six- and seven-figure range, and it counts retailers such as Panera Bread as clients. and Israel. billion acquisition by JAB.

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Cabela’s Bids Expected This Week

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Struggling retailer Cabela’s is expecting bids this week for purchase. bank Capital One Financial Corp., Cabela’s investor Elliott Management last year disclosed an 11 percent stake in Sidney, Nebraska-based Cabela’s and is reportedly urging a sale to pull value out of the hard-hit by recent trends retail operation.

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Lowe’s Q2 Earnings Beat Expectations

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The home improvement retailer reported net income of $1.52 We posted solid results this quarter by capitalizing on delayed spring demand,” said President and CEO Marvin R. Lowe’s announced its second quarter earnings and sales, beating out analysts’ expectations. billion ($1.86 billion ($1.68 per share) the previous year. percent. “I

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Does Destination Maternity Chain Bankruptcy Signal Larger Trends?

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Retail chain Destination Maternity reportedly filed for bankruptcy on Monday (Oct. 21), the latest commerce operator to be on the verge of extinction in this age of digital and mobile. According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.”

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African eComm Firm Taps Local Agents, Businesses To Streamline Logistics 

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Jumia , which was founded by two Frenchmen in 2012, operates in 11 African countries, from Morocco to Nigeria and Kenya, and has been referred to as Africa’s version of Amazon. The commission I earn as a Copia agent has been my working capital,” said Kihara, 48. All this has been possible due to money from the business.”.

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Saks Owner Hudson’s Bay Shareholders Make Bid To Take Firm Private

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Amid brick-and-mortar retail struggles and stock price volatility, a go-private offer has emerged for Hudson’s Bay Co., billion Canadian dollars, exiting the German market while staying in the Netherlands (with an eye on revamping operations there). which owns Saks Fifth Avenue and Lord & Taylor.

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