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Tailored Brands Might Seek Bankruptcy Due To Pandemic

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Men’s Wearhouse owner Tailored Brands might be the next significant retail company in the United States to make a bankruptcy filing as the COVID-19 crisis unfolds. Bank — included the potential for bankruptcy, or even the closing of operations, in a recent filing, CNN reported. A Bank and 40 percent at K&G.

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Ascena Retail Group Considers Bankruptcy Filing

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With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

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How Retailers Are Cashing In On A US Coin Shortage

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As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. It brings together digital features, including a branded digital wallet, the choice to receive eReceipts and early notifications of promotions. If the U.S.

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Retail Pulse: Toys R Us Returns With Small Retail Stores

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Iconic brick-and-mortar retailers are sometimes reinvented, and return to the world of retail with smaller-format concepts. The parent of the Toys R Us brand, Tru Kids , plans to bring stores under the legendary name to the United States for the 2019 holiday season. In Other Brick-and-Mortar News.

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Off-Price Retailer Stein Mart Files For Chapter 11

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Off-price specialty retailer Stein Mart, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division amid a challenging retail climate and the pandemic, the company said in a statement. In July, Ascena Retail Group, Inc.

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Ascena Receives Court Approval To Sell Ann Taylor Brand, Other Labels

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Ascena Retail Group Inc. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. In July, Ascena Retail Group, Inc.

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Nordstrom, L Brands Temporarily Shutter Brick-And-Mortar Locations

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is shuttering its brick-and-mortar retail locations for two weeks in the United States and Canada, with the inclusion of Nordstrom Rack stores, to restrict the proliferation of the coronavirus, the company said in an announcement. L Brands, Inc. , L Brands Inc. L Brands Inc. Nordstrom Inc. Nordstrom, Inc.

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