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Rue21 Files for Third Bankruptcy, Plans to Close all 500+ Stores

Retail TouchPoints

The company first filed for bankruptcy in 2002 , then again in 2017. Over the past two decades the mall-based retailer has struggled to regain the popularity it enjoyed during its heyday in the late ’90s.

Planning 226
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Ames Department Stores will be back in 2023

Retail Wire

The Ames Department Stores discount chain, founded in Massachusetts in 1958, ran over 700 stores in 20 states at its peak but after a couple of bankruptcy filings went out of business in 2002. Recently, however, a notice appeared on amesstores.com announcing that new Ames stores will open in 2023.

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New Balance opens its first ‘Grey Store’ in Asia Pacific

Inside Retail

As an Australian first, the Galeries Grey store will have all the classic New Balance favourites including the 550’s, 990’s and 2002’s – as well as some of our newer products, like the futuristic WRPD shoe.”

Apparel 264
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Getir Acquires NYC’s FreshDirect Grocery Delivery Service

Retail TouchPoints

Founded in 2002 and currently employing 3,200 people, the Bronx-based FreshDirect is a pioneer in New York City grocery delivery. Getir has purchased fellow grocery delivery service FreshDirect , a division of Ahold Delhaize , in a deal that is expected to close by Nov. No financial details of the transaction were disclosed.

Marketing 261
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After six years, Novo Shoes returns to Canberra, opening two stores

Inside Retail

” The brand opened its first store at Warringah Mall in Sydney in 2002, and it now has outlets across Victoria, Queensland, SA, and WA, along with stores in New Zealand. Novo Shoes acquired the South Australian footwear brand Spendless Shoes in 2019, making it one of the country’s largest footwear retailers.

Returns 240
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Pay gap persists between men and women

Retail Wire

Women earned 80 cents for every dollar earned by men in 2002, according to a Pew Research Center analysis of median hourly earnings of full-time and part-time workers. Women today earn 82 cents to every dollar earned by men. The pay gap is roughly the same for women who do and don’t have a college degree.

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Australian companies face more climate-focused resolutions than ever before

Inside Retail

Our analysis of shareholder ESG resolutions put forward in listed Australian companies between 2002 and 2019 finds they have increased in number, prominence and impact. of the resolutions, with the 139 resolutions recorded between 2002 and the first part of 2021 concentrated in only 28 companies. Shareholder ESG Resolutions per year.

Finance 246