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Luxury Brand Barneys New York Seeks Bankruptcy Protection

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Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . However, the company hasn’t been immune from the same market conditions that sent Sears and Kmart into bankruptcy.

New York 108
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New York & Co. Rebrands To RTW Retailwinds

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To highlight its ability to grow into new markets and categories, New York & Co. We are at a defining moment in our corporate reinvention, with a proven track record for developing celebrity and sub-brand collections that resonate with our consumers,” CEO Greg Scott said in a statement.

New York 100
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Former Toast Executive To Lead Growth Push At Lunchbox

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The New York-based omnichannel restaurant platform announced Monday (June 22) it had hired Kabakoff as vice president of solutions. In her new role, Kabakoff will oversee Lunchbox’s “go-to-market strategy” aimed at giving restaurants an alternative to third-party ordering sites.

New York 326
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Walmart Will No Longer Carry Danskin Brand

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Walmart will no longer carry Danskin brand apparel products in its stores or on its website, according to New York Post reports from Tuesday (Oct. Danskin is a 135-year-old brand owned by parent company Iconix Brand Group and generating $15.5 The retailer will remove the products from its shelves in 15 months. .

Branding 104
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Citi Wants Revlon Lenders To Return $900M Paid In Error

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District Court in New York accused Revlon of moving valuable brand assets beyond the reach of lenders in order to use them as collateral for other creditors. Revlon has been fighting with Brigade Capital Management LP, HPS Investment Partners LLC and Symphony Asset Management, the lenders holding the loan.

Exercises 271
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Today In Retail: Bed Bath & Beyond Inc. Enters Deal To Sell Cost Plus; Authentic Brands Might Buy Arcadia Group and Debenhams

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In today’s top retail news, Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. It is expected that the business will keep operating as a stand-alone brand.

Branding 131
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Today In Retail: Walgreens Pharmacy USA Registers $27.2 Billion In Sales; Bed Bath & Beyond Almost Doubles Digital Sales

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The firm reported that comparable digital sales for Q3 jumped 77 percent throughout all of its brands, with the inclusion of 94 percent expansion at its flagship Bed Bath & Beyond brand. Digitally Native Mattress Firm Resident Raises $130 Million. Why Designer-Handbag Reseller Marque Luxury Is Opening Brick-And-Mortar Showrooms.

Retail 172