Ebay to open sneaker pop-up in Chicago
Ebay is set to open a unique sneaker pop-up store in Chicago, celebrating the birth and rise of the iconic Air Jordan 1. The ’85 Shop, located at 1045 W Fulton Market, will be open for two days only, from…
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Articles by Jeanel Alvarado
Revlon will shed $2.7B in debt as it exits bankruptcy
Revlon, a cosmetics giant with a 91-year history, filed for Chapter 11 bankruptcy in June 2022 due to its $3.5 billion debt load and pandemic-related disruptions. The company struggled to make timely payments to critical vendors in its cosmetics supply…
Pinterest Announces Expansion of ‘Creator Inclusion Fund’ Program
Pinterest has recently announced the expansion of its Creator Inclusion Fund program, which aims to support creators from underrepresented communities. The program was initially launched in 2021 with a $500,000 fund, and an additional $1.2 million was allocated last year.…
What Brands Can Learn From Lululemon’s Failed Mirror Acquisition
Brands can learn valuable lessons from Lululemon’s failed Mirror acquisition, which resulted in a $443 million loss. The experience highlights the importance of understanding market dynamics, focusing on core competencies, and executing effective marketing strategies. In June 2020, Lululemon acquired…
Online Retailer Goes Into Administration After Sales Plummet
A popular online fashion and homeware Australian-owned retailer, EziBuy has recently entered administration due to a significant decline in sales. Owned by ASX-listed Mosaic Brands, EziBuy experienced a 51% drop in sales during the first half of the 2022-23 financial…
Lululemon Like New: How Trade-In and Resale Work
Lululemon Like New lets customers trade eligible gear for credit and shop resale items. Check current eligibility, condition and pricing before buying.
Costco’s Online Competitor Boxed.com., Files For Bankruptcy
The online bulk retailer, Boxed.com that had once experienced significant growth during the Covid-19 pandemic, filed for Chapter 11 bankruptcy on April 2, 2023. The company, which was founded in 2013, went public in 2021 after merging with special-purpose acquisition…
Here’s What Happens When a Business Files for Chapter 11 Bankruptcy
Often referred to as “reorganization” bankruptcy, Chapter 11 bankruptcy is a legal process that allows businesses and individuals with large amounts of debt to reorganize their financial affairs. This chapter of the Bankruptcy Code is typically used by corporations, partnerships,…
Lipstick Index: The Beauty Industry Is Holding It’s Own Despite Inflation
The beauty industry has proven to be resilient in the face of economic challenges 2023, as evidenced by the lipstick index. Data shows that the beauty industry is holding its own despite inflation. ‘The lipstick index’, a term coined by…
Express faces NYSE delisting
Express Inc., a well-known fashion retailer, faces delisting from the New York Stock Exchange (NYSE) due to its inability to meet the required trading criteria. The NYSE had notified Express in September that it had breached compliance with its continued…