Wednesday, May 23, 2018

Decelerating Retail News

Subway will close about 500 more US stores in 2018. Last year, more than 800 stores went dark, with the total US count dropping to 25,908...Rockport Group has filed for Chapter 11 bankruptcy protection. The company’s brands include Rockport, Aravon and Dunham. Rockport hopes keep its shoemaking business alive in a sale to a private equity firm, but may be forced to close all of its retail stores, including 27 in the US.

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