Payless ShoeSource announced that they have filled for chapter 11 bankruptcy on less than 1 billion dollars in assets and 10 billion dollars in liabilities, and will immediately close 400 stores. Payless has been in negotiations with lenders and at one point closed 1000 stores as part of a restructuring […]

Delta Apparel has confirmed the competition of its sale of vintage-inspired, licensed graphics T-shirt business, Junk Food Clothing Company to JMJD Ventures for 28 million dollars. The asset sale includes 25 million dollars in cash at closing, with promissory note payments due between June 30, 2017, […]

UPDATE London - Kate Spade & Co. is said to need more time to mull over Coach's take over bid. The latter reportedly made an offer to take over the US premium handbag label last week, although it remains unclear how much Coach has offered. By taking more time to go over the sale process gives potential […]

It seems that fashion designers can rest easy with a new decision made by the U.S. Supreme Court. Recently, the decision unveiled that the industry may become more broad about its fashion copyright protection rules. On March 22, the Supreme Court made a decision on a recent case regarding fashion copyright. […]

Like all brands, Lululemon has hopped on the train to court the millennial consumer. While they are working on expanding their number of stores, in an overly saturated retail market that might not be the best approach. However, if they can get more shoppers, they can at least stay on track to make their […]

After filing for bankruptcy earlier this year, BCBG Max Azria has confirmed it will have mass layoffs in the next coming months. Starting May 11, the retailer will lay off approximately 116 people. According to Apparel News, the layoffs will be across all departments for the company. While the company […]

Global fashion retailer C&A together with its corporate foundation, the C&A Foundation, wants to transform the fashion industry and drive its transition to a circular economy. Thus, as a founding partner, it has launched the global initiative Fashion for Good that wants to bring industry players together […]

From making illegal cross-border deliveries to China in a minivan to buying a fleet of Boeing aircraft, the boss of SF Express has ridden a wave of online shopping to become one of the country's richest men. Though secretive and media-shy, founder Wang Wei has found himself thrust into the spotlight […]

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