Consumers are increasingly buying clothing from third-party digital marketplaces, forcing more retailers to close shop. Most recently, Ted Baker’s North American business announced Friday (May 10) that amid bankruptcy proceedings in the United States, it is closing 40 locations across the U.S. and Canada, kicking off liquidation sales. It also announced...
U.S. corporate bankruptcies reached their highest level in a year in April. That’s according to a Sunday (May 12) report by Seeking Alpha, citing data from S&P Global Market Intelligence which shows companies pressured by continued high interest rates. The data showed 66 new bankruptcy filings last...
With young consumers’ fashion habits rapidly evolving alongside quickly changing social media trends, Express has not been able to keep up. The fast-fashion company, which in addition to its self-titled retail chain also owns Bonobos and UpWest, announced Monday (April 22) that it has filed for...
This quarter, fashion retailer Express is looking at merchandise discounts to draw in more shoppers. During the latest earnings call, CEO Stewart Glendinning acknowledged the retailer’s recent challenges, particularly in its merchandise strategy. “I mean, women had a — historically, in the last couple of years,...
May 14, 2024
Consumers are increasingly buying clothing from third-party digital marketplaces, forcing more retailers to close shop. Most recently, Ted Baker’s North American business announced Friday (May 10) that amid bankruptcy proceedings in the United States, it is closing 40 locations across the U.S. and Canada, kicking off liquidation sales. It also announced closing sales at eight Brooks Brothers locations and seven Lucky Brand stores in Canada. […]
May 12, 2024
U.S. corporate bankruptcies reached their highest level in a year in April. That’s according to a Sunday (May 12) report by Seeking Alpha, citing data from S&P Global Market Intelligence which shows companies pressured by continued high interest rates. The data showed 66 new bankruptcy filings last month, up from 61 in March. S&P Global said the […]
April 14, 2023
Express (EXPR) and WHP Global have acquired Bonobos from Walmart for a combined $75 million. Brand management firm WHP Global will buy the Bonobos brand for $50 million, while fashion...
January 25, 2023
Fashion apparel retailer Express has completed its previously announced transaction with turnaround firm WHP Global. With the transaction, WHP Global has invested $260 million in the firm, acquiring 7.4% of...
December 08, 2022
Fashion retailer Express has turned to WHP Global as it begins a “large-scale transformation.” WHP, a brand turnaround firm that owns a number of companies, including Toys R Us, will take a 7.4% stake in...
