More than a year since fashion brands started jumping into virtual environments like Roblox, they face a new challenge: keeping users coming back as they try to turn their marketing into sales.
The fashion accessories chain is preparing to file for bankruptcy in the coming weeks, according to sources.
Lenders count on the drawing power instantly recognisable names like J. Crew and Claire's, the “intellectual property,” to provide some value in case a company goes bust.
Heavily indebted retailers J. Crew Group Inc. and Claire’s Stores Inc. are delving into their loan agreements to find creative ways to raise or reconfigure their debt.
Sears Holdings, Claire’s Stores and Nine West Holdings are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences.