News   GLOBAL  |  Apr 02, 2020
A Message to Our Readers
 9.6K     0 
News   GLOBAL  |  Apr 01, 2020
EarthCam Time-Lapse Documents Rafael Viñoly-Designed New Stanford Hospital Construction
 41K     0 
News   GLOBAL  |  Apr 01, 2020
Resort Town
 5.5K     0 

Sounds line another case of a viable company being shut down due to a shady business practices (like Sears, Toys R Us, etc).
 
innsertnamehere said:
Yup. Le Chateau needs a full revamp. The branding, store design, etc. seems ancient. It does not look like a high-ish end clothing store, but rather a discount brand.
Click to expand...

Towered said:
Yup, in the 90's they actually had interesting, alternative leaning clothes, but they've been lame ever since their styles went generic mainstream.
Click to expand...

I don't know...I like their stuff now. There's some great pieces.

Overall the pricing is off and their in-store experience isn't the greatest (even though it's nicer than it was in the past).

They have some great sales online.

Overall they have trouble competing with other, bigger and often cheaper brands like Zara (which has gone much cheaper over the years) and H & M .
 
Towered said:
Last summer I bought a pair of Airwalk shoes that were a ripoff of Converse chucks and they lasted 3 months before they fell apart.
Click to expand...
I also had those Airwalk shoes. The shoes fell apart six months or so later. At least I have proper Converse All-Stars.
 
The parent company of retailer Gap says it will close some stores in Canada as part of a global plan to shutter almost half of the brand's locations over the next two years.
Gap Inc. is refusing to tell The Canadian Press exactly how many of the 230 stores it is closing will be in Canada, but says the majority of international network closures will be in North America.
Click to expand...

They will also spin-off Old Navy into a separate independent business.

I shop on their website for basic items like plain t-shirts or shorts. The goods arrive surprisingly quickly, often in only three days. One time I had to return an item as it was the wrong size and the refund was processed in only three days.
 
Last edited:
Latest news from the Yanks:

Barneys seeks bankruptcy protection, closes most stores

NEW YORK — Barneys New York is filing for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online.

The iconic clothier founded almost a century ago will keep the doors open at its 10-story Madison Avenue store, but it has secured $75 million in financing to pay employees and vendors as it seeks a buyer.

Stores in Chicago, Las Vegas and Seattle will close along with 12 concept and warehouse locations.

Stores in Beverly Hills, California, San Francisco and in Boston will remain open, as well as two warehouse locations in New York and California. However, the company said Tuesday it's reviewing all store leases.

Barneys, controlled by New York hedge fund Perry Capital, listed more than $100 million in debt and more than $100 million in assets in its bankruptcy filing in the Southern District of New York.

The picture for most traditional retailers grows worse by the year.

The number of retail stores closed in the U.S. this year has already surpassed last year's total, according to Coresight Research, which expects 12,000 will be shuttered in 2019. Coresight said 7,567 retail stores have closed so far this year, compared with 5,864 in all of 2018.

ca.finance.yahoo.com

Barneys seeks bankruptcy protection, closes most stores

NEW YORK — Barneys New York is filing for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online.The iconic clothier founded almost a century ago will keep the doors open at its 10-story Madison Avenue store, but it has secured $75 million in financing to pay...
ca.finance.yahoo.com ca.finance.yahoo.com
 
Why Forever 21 will probably go bankrupt and disappear

Brian Sozzi
Editor-at-Large Yahoo Finance
September 13, 2019

Declining retail stores

Then there are the structural issues in retail that are no doubt pounding Forever 21 into the ground.

First, there remains too many retail stores in America amid the shift to online shopping. Unproductive retail chains must — and will — be weeded out as people reduce trips to physical shops.

The shakeout in retail is likely to be massive. Investment bank UBS estimated earlier this year that as online retail sales penetration rises to 25% from 16% currently, about 75,000 retail stores will close shop by 2026. That amounts to 7% or so of the 1,044,754 retail locations UBS says exist.

UBS believes 21,000 clothing stores out of the 82,000 in existence will have to close.

If you are near a Forever 21 — which has failed to evolve — this tsunami of store closings is likely to show up at your doorstep.
Click to expand...

ca.finance.yahoo.com

Why Forever 21 must go bankrupt and disappear

Forever 21 potentially going out of business makes a lot of sense.
ca.finance.yahoo.com ca.finance.yahoo.com
 
You must log in or register to post here.

Back
Top