What began in 2016 as a handful of big but otherwise isolated bankruptcies in the teen and sporting goods retail space, accelerated in the first quarter of 2017 following a disappointing holiday. Store closures, acquisitions and shifts to online strategies followed, all of which threaten to change the face of the American mall. And analysts predict more stores will falter as they struggle under mountains of debt, fail to keep up with changing consumer buying habits and grapple with how to leverage retail space in an increasing e-commerce world.
Click through below to view a timeline of stores that have faltered, failed or found lifelines from 2016 to today.
This isn’t your parent’s polyester - the scratchy fabric of yesteryear with a low-level environmental standing has evolved into a higher-functioning fiber often derived from recycled material.Read more
Inflation increased in April compared to a year ago, buoyed by increases in energy, food, shelter, transportation services and healthcare. Apparel prices rose negligibly.Read more
Retail sales surged in April, recovering from a dip in May and defying both Brexit uncertainty and inflation, but a report shows the divorce with the EU is weighing on consumers' minds.Read more
As the saying goes, necessity is the mother of invention. And these days retailers really need to find new lifelines. The result is international expansion, an off-price acquisition and a play for corporate customers.Read more
The European Commission, the legislative body of the European Union, has granted GSP Plus status to Sri Lanka, giving the country access to the EU market under the special scheme starting Friday.Read more
Ralph Lauren hired former P&G executive Patrice Louvet as its new CEO and president, while Burberry announces a new CEO as Christopher Bailey gives up the role to focus on the label's design.Read more