You may not know the name Ascena Retail Group, but you know the stores it owns, like Ann Taylor, dressbarn, Lane Bryant, Maurices, among others. Many of these stores could soon be closing if Ascena follows through on its proposal to shutter as many as 650 locations. [More]
looking for a turnaround
Staples Looking For A New Owner After Failure Of Office Depot Merger
By 4.4.17
Nearly a year after the Staples-Office Depot lovefest ended in a broken engagement following federal regulators’ anti-trust lawsuit, Staples is ready to move on, apparently with a private equity firm. [More]
Ruby Tuesday Closing 95 Underperforming Restaurants
By 8.12.16
Diners across the country will have one fewer salad bar to peruse with their lunch or dinner, as Ruby Tuesday announced it will close nearly 100 restaurants by the end of the year. [More]
American Apparel Tries Crowdsourcing To Find Expensive Products People Will Buy
By 5.5.16
Three months after going private and emerging from a contentious fight over its Chapter 11 bankruptcy protection, American Apparel is looking to put the pieces back together, and it’s starting with a crowdsourcing campaign to solicit ideas for products made in the U.S. [More]
GNC Looking To Sell Itself, Other Restructuring Options
By 5.2.16
Amid declining sales and increased scrutiny on the supplements industry, GNC Holdings is looking to either restructure its business or sell itself.
[More]
American Apparel Says It Doesn’t Have Enough Financing To Continue Operations Next Year
By 8.12.15
Between lawsuits, investigations and pressure from investors, American Apparel has its fair share of troubles over the past year and a half. But things don’t look to be getting any better for the retailer, as it announced today it doesn’t have enough financing to continue operations for another year. [More]
American Apparel Closing Some Stores, Launching New Line In Turnaround Effort
By 7.6.15
For much of the past year, American Apparel has been embroiled in a public dispute — and several lawsuits — with founder Dov Charney. It appears that problems for the retailer aren’t just confined to the former CEO’s alleged bad behavior, as the company announced it would undergo a $30 million cost-cutting effort in an attempt to return to its former funky glory. [More]
