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Luxury Brand Barneys New York Seeks Bankruptcy Protection

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Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . However, the company hasn’t been immune from the same market conditions that sent Sears and Kmart into bankruptcy.

New York 108
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New York & Co. Rebrands To RTW Retailwinds

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To highlight its ability to grow into new markets and categories, New York & Co. We are at a defining moment in our corporate reinvention, with a proven track record for developing celebrity and sub-brand collections that resonate with our consumers,” CEO Greg Scott said in a statement. trillion U.S.

New York 100
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Today In Retail: Bed Bath & Beyond Inc. Enters Deal To Sell Cost Plus; Authentic Brands Might Buy Arcadia Group and Debenhams

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In today’s top retail news, Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. It is expected that the business will keep operating as a stand-alone brand.

Branding 131
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Fitness Platform Raises $5M For Online Workouts

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Bloomberg News reported NEOU , the New York-based live streaming and on-demand platform for trainers, has raised $5 million in capital from investors including Ares Management Corp., The round valued the company at about $40 million, NEOU CEO Nathan Forster told the news service.

Online 130
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Walmart Will No Longer Carry Danskin Brand

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Walmart will no longer carry Danskin brand apparel products in its stores or on its website, according to New York Post reports from Tuesday (Oct. Danskin is a 135-year-old brand owned by parent company Iconix Brand Group and generating $15.5 The retailer will remove the products from its shelves in 15 months. .

Branding 104
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IAC Invests $1B In MGM Resorts International, Plans To Boost Online Gambling

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IAC , the New York-based global media and internet giant, is betting that an investment of $1 billion in MGM Resorts International will pay off in online gambling, according to a press release. IAC has always been opportunistic with its capital, and if ever there was a time, this moment is unique,” they wrote. “We

Online 146
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Glossier Brings Shops To Nordstrom

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With its perfume that has a cult-like following, Glossier is opening temporary shops in seven Nordstrom locations, with the inclusion of the retailer’s New York flagship. A Nordstrom partnership should help Glossier reach more shoppers who don’t reside close to its Los Angeles and New York stores, per the report.