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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

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And the coronavirus pandemic has hit clothing retailers particularly hard, given the lack of need for new clothing while everyone stays inside to follow social distancing measures and avoid going out for any non-essential needs. True Religion was founded in 2002 with a headquarters in Malibu Beach, California.

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Supply Chain Bottlenecks Impact Shipments To Stores, Warehouses

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The executive also noted that operations at the firm’s storage facilities and those of wholesale clients “have been slower just due to some labor shortages and other disruption due to Covid.”. In August, international container shipping volumes were up 34.2 percent as compared to February, WSJ reported, citing Container Trade Statistics.

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Could Retail Job Growth Actually Save Companies Money?

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The news from the Bureau of Labor Statistics (BLS) last week that the retail industry added 48,000 new jobs in March — bringing the increase to 378,000 new jobs over the past 12 months — appears to be positive on a number of fronts. And while the number of retail jobs in the U.S. While it’s reasonable to presume that any U.S.

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Why Digital’s 3.0 Shift May Take Longer Than We Think

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The Fallacy Of ‘Internet Time’ In November of 1998, a book was published that captured the prevailing wisdom of startups operating at the time. Yet as successful as they have been and as dominant as their platforms are today, they still represent a fraction of overall payments and retail sales.

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Best Buy’s Board Loses Former CEO

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Sometimes, even the brightest LED television screens fade away, and sometimes, the most expensive battery packs that an electronics retailer can stock end up losing their charge. Best Buy announced Tuesday (March 15) that Brad Anderson, former CEO of the organization and current member of its board of directors, is retiring from his position.

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$75M In Additional Clawbacks From Wells Fargo Execs on Sales Practices

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In addition, reported The Wall Street Journal , the monies taken back from CEO John Stumpf and the head of retail banking, Carrie Tolstedt, are more than was previously reported. Said the WSJ , the board “felt misled” about “the extent of sales abuses” that stretched back roughly a decade-and-a-half to 2002.

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Equifax Names Warburg Pincus Executive Its New CEO

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In a press release , Equifax said Begor will start on April 16 and is coming to Equifax from Warburg Pincus, where he was a managing director and focused on operational improvement across the portfolio of companies that fall in Warburg Pincus’ Industrial and Business Services unit.