After years of struggling to bring in customers and turnaround falling sales, Abercrombie & Fitch shuttered 60 U.S. stores and laid off 150 employees at its headquarters in the first few months of 2017. Now the teen-focused retailer has reportedly put a “for sale” sign on itself. [More]
teen retail
Wet Seal Files For Second Bankruptcy Since 2015
By 2.2.17
In a move that will surprise no one, young women’s clothing retailer Wet Seal has filed for bankruptcy for the second time in just over two years. This time, the chain will not be re-organizing, and it’s unlikely that a new owner will come along and rescue the business out of bankruptcy. [More]
150 Employees Laid Off At Abercrombie & Fitch Headquarters
By 1.27.17
Another youth-focused retailer is showing signs of trouble, the apparent result of teens no longer shopping at malls. Abercrombie & Fitch laid off 150 employees at its New Albany, OH, headquarters this week. [More]
Wet Seal Considering Second Bankruptcy In Two Years
By 1.13.17
No, we haven’t gone into reruns: Wet Seal, a clothing retailer geared toward women in their teens and twenties, is considering celebrating the second anniversary of its last bankruptcy by popping the cork on a second one. This time, though, the chain is hoping to quietly sell itself without going through the expense and hassle of court proceedings. [More]
Abercrombie & Fitch Puts Shirts On Male Models, Tries To Reinvent Itself
By 1.14.15
A fascinating and weird era in retail history is now over: the male models at Abercrombie & Fitch have put on some shirts. The brand is reinventing itself for the present era, ditching logo-laden clothing, shirtless dudes, their no-fat-chicks policies, and CEO Mike Jeffries. Will that be enough to make the brand relevant as other teen-focused retailers are putting down their gates for good? [More]
