Some things on the retail wish list are universal. Every merchant wants to build a close relationship with their customer, be focused in how they buy inventory and build up to a critical mass that unleashes the efficiency of scale. It turns out, Sam’s Club has all of that. In another context, the 600-door chain … Read more
Mysore to Darbhanga Bhagmati Express on Friday collided with a stationary goods train near Kavaraipettai railway station in Tamil Nadu. Few coaches were derailed, and a fire broke out in coaches of the express train.Rescue operations by local authorities are currently underway. Further details regarding the extent of the damage and casualties are still awaited.This … Read more
The brand management revolution has already remade the fashion landscape — from Aéropostale and Brooks Brothers to Van Heusen and Vince Camuto — and it might just be starting. Jamie Salter’s Authentic Brands Group is the big player, agreeing last month to buy Champion in a $1.2 billion deal that will park the sports brand next … Read more
After a long decline and a quick trip through bankruptcy, Express is back on its feet. The retailer closed on its deal to exit bankruptcy on Monday, ending a three-month stay in Chapter 11. The business is now owned by Phoenix Retail, a joint venture owned by brand management firm WHP Global, which already had … Read more
Express, which came close to being totally liquidated, is being rescued out of bankruptcy court. A stalking horse bidder, composed of brand management firm WHP Global and three of the retailer’s key landlords — Simon Property Group, Brookfield Properties and Centennial Real Estate — got its offer for the online and store operations of the … Read more
For Express, even while caught up in bankruptcy proceedings and liquidating about 100 stores, there appears to be hope for the future. Once one of the nation’s hottest specialty chains, Express has been on a roller-coaster ride for two decades, beset by a swirl of management changes, mixed fashion messages and declining sales. On April … Read more
