Tuesday, July 18, 2017
Decelerating Retail News
Sears Holdings is closing 43 more US stores, in addition to the 265 closings already announced this year...Premium denim brand True Religion Apparel Inc. has filed for Chapter 11 bankruptcy protection and signed a restructuring agreement with the majority of its lenders. True Religion operates some 140 stores in 33 states and markets and also sells its products in some 500 department store and specialty stores in North America and South America...Gymboree is closing 350 stores as its works to restructure in bankruptcy. The company will have more than 900 locations after the stores are shut down. Gymboree filed for bankruptcy protection in June...Alfred Angelo Bridal appears to have closed all its 60 stores nationwide. An eviction lawsuit is also pending against the company’s Delray Beach, FL headquarters. The company has filed for Chapter 7 bankruptcy protection.