The retail slaughter continues on in 2017 with its latest victim: after shutting down all 250 remaining stores Jan. 8, The Limited has filed for bankruptcy and has shuttered its online store — for now, at least. [More]
another one bites the dust
So far in 2016, a handful of for-profit college operators have announced plans to cease operations, closing hundreds of campuses across the country. Joining the likes of the ITT Technical Institute, Wright Career College, and Brown Mackie College brands, Heritage College and Heritage Institute closed its door abruptly this week. [More]
With the dust just beginning to settle surrounding the bankruptcy and 140-store closure of sporting goods retailer Sports Authority, another, albeit smaller, outdoor gear retailer is following suit. Vestis Retail Group, the operator of brand Eastern Mountain Sports, Bob’s Stores, and Sport Chalet, officially filed bankruptcy papers today, outlining a restructuring plan that focuses on closing 56 stores. [More]
Target Ticket began in the fall of 2013. It was meant to compete with streaming services like Amazon, Redbox streaming, Vudu, and Flixster. Now Target Ticket is shutting down. Members need not worry that they’ll lose the content they’ve bought or earned: films that users have purchased access to will transfer over to another competing service, CinemaNow. [More]
Clothing retailer dELiA*S — a store best known for its complete disregard for capitalization and punctuation — has announced today that teenage girls have moved on to other retailers, leaving it in d33p n dEbT and having to file for Chapter 11 bankruptcy protection while it closes stores and liquidates its assets. [More]
One by one, the number of states where Amazon does not collect sales tax continues to shrink. New Jersey Governer Chris Christie has announced that the e-tail giant will not only begin collecting sales tax in the Garden State, but will also open a distribution center there.