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Roundup: JCPenney searches for a new CEO
The new owners of J.C. Penney Co. Inc.—Simon and Brookfield Asset Management Inc.—replaced CEO Jill Soltau less than a month after re-launching the department store chain that went bankrupt during the...
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Boohoo, Asos seek to rescue failed retail brands online
(Bloomberg)—Online fashion retailers Boohoo Group Plc (No. 29 in the Digital Commerce 360 Europe 500) and Asos Plc (No. 13) are seeking to rescue ailing U.K. retail brands like Debenhams (No. 38) and...
View ArticleTop 1000 retailers increase IPOs in 2021 while bankruptcies slow
In 2020, struggling retail chains resorted to bankruptcy amid a global pandemic that forced them to close stores for weeks at a time. But in 2021, after a surge in ecommerce growth spurred by...
View ArticleA peek inside True Religion’s plan to reach $250 million in ecommerce sales...
A new mobile app, pay-in-installments, and marketing via TikTok and SMS are powering apparel consumer brand manufacturer True Religion’s goal to scale its brand, become profitable and reach $250...
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Keeping Score: How not to save shopping malls
Keeping Score is a column that will appear periodically by Digital Commerce 360 editor at large Don Davis, who has been covering ecommerce since 2007. “That’s it,” my wife declared as she slammed the...
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Bergdorf Goodman eyes online expansion abroad with Farfetch deal
Bergdorf Goodman, the high-end U.S. department store, plans to expand its international presence next year, the latest example of how the industry is looking to capitalize on a strong global luxury...
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Which retailers will benefit from Bed Bath & Beyond’s demise?
After a years-long battle to stay afloat, the deteriorating home goods merchant Bed Bath & Beyond filed for bankruptcy on April 23. How will retailers capitalize on the houseware merchant’s...
View ArticleBed Bath & Beyond picks Overstock as lead bidder for brand
Bed Bath & Beyond Inc. has picked Overstock.com Inc. as the lead bidder in an upcoming bankruptcy auction. The auction gives the right to own the big box store’s brand. Overstock’s $21.5 million...
View ArticleTop online retailers declaring bankruptcy since 2022
The highest-ranked of those seven is Bed Bath & Beyond (No. 47), and the store-based housewares retailer is the only one that’s liquidating. The other six have announced plans to restructure and...
View ArticleShein acquires stake in Forever 21
Shein acquired a stake in rival fast-fashion retailer Forever 21, expanding its online offerings and establish a brick-and-mortar store presence in the U.S. The Singapore-based retailer already...
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