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The Retail Apocalypse

narduch

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Sounds line another case of a viable company being shut down due to a shady business practices (like Sears, Toys R Us, etc).
 

syn

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Yup. Le Chateau needs a full revamp. The branding, store design, etc. seems ancient. It does not look like a high-ish end clothing store, but rather a discount brand.
Yup, in the 90's they actually had interesting, alternative leaning clothes, but they've been lame ever since their styles went generic mainstream.
I don't know...I like their stuff now. There's some great pieces.

Overall the pricing is off and their in-store experience isn't the greatest (even though it's nicer than it was in the past).

They have some great sales online.

Overall they have trouble competing with other, bigger and often cheaper brands like Zara (which has gone much cheaper over the years) and H & M .
 

Jonny5

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The parent company of retailer Gap says it will close some stores in Canada as part of a global plan to shutter almost half of the brand's locations over the next two years.
Gap Inc. is refusing to tell The Canadian Press exactly how many of the 230 stores it is closing will be in Canada, but says the majority of international network closures will be in North America.
They will also spin-off Old Navy into a separate independent business.

I shop on their website for basic items like plain t-shirts or shorts. The goods arrive surprisingly quickly, often in only three days. One time I had to return an item as it was the wrong size and the refund was processed in only three days.
 
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AlbertC

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Latest news from the Yanks:

Barneys seeks bankruptcy protection, closes most stores

NEW YORK — Barneys New York is filing for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online.

The iconic clothier founded almost a century ago will keep the doors open at its 10-story Madison Avenue store, but it has secured $75 million in financing to pay employees and vendors as it seeks a buyer.

Stores in Chicago, Las Vegas and Seattle will close along with 12 concept and warehouse locations.

Stores in Beverly Hills, California, San Francisco and in Boston will remain open, as well as two warehouse locations in New York and California. However, the company said Tuesday it's reviewing all store leases.

Barneys, controlled by New York hedge fund Perry Capital, listed more than $100 million in debt and more than $100 million in assets in its bankruptcy filing in the Southern District of New York.

The picture for most traditional retailers grows worse by the year.

The number of retail stores closed in the U.S. this year has already surpassed last year's total, according to Coresight Research, which expects 12,000 will be shuttered in 2019. Coresight said 7,567 retail stores have closed so far this year, compared with 5,864 in all of 2018.

 

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