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Troubled Ted Baker Brand Begins Store Closing Sales in North America

Retail TouchPoints

As of May 10, the retailer also ceased ecommerce sales “for the time being,” according to a statement , and noted that all stores sales are final. In August 2022 Authentic Brands Group (ABG) bought Ted Baker for approximately $245 million , but the brand struggled to find its footing in the highly competitive luxury apparel market.

Apparel 261
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Shoe City, Filing for Bankruptcy, Plans to Close All Stores

Retail TouchPoints

Founded in 1949 as Eileen Shoes , the company rebranded itself as Shoe City in 1980 and now sells urban-inspired footwear, apparel and accessories. The retailer has been battling declining sales for several years, incurring operating losses of $280,000 and $1.76 million , and Timberland , owed $1.4

Planning 242
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Forrester Forecast: Online’s Share of U.S. Sales to Top 29% by 2029

Retail TouchPoints

Ultra-low prices from Chinese retailers like Shein and Temu will help ecommerce sales in the apparel and footwear categories, despite longer delivery times.” “The appeal of same-day delivery and subscription services helps boost online grocery growth by offering convenience and consistency for customers,” he said.

Consumer 284
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After Lackluster Q2, Francesca’s Explores Strategic Alternatives

Retail TouchPoints

Following a 29% drop in net sales during Q2, apparel, jewelry and accessories retailer Francesca’s will investigate strategic alternatives ranging from lease deferrals and refinancing to bankruptcy. Francesca’s, which operates approximately 700.

Boutique 147