The women’s clothing company said it applied for Chapter 11 on Thursday due to “the financial hardship caused by the epidemic and its continuing impact.” Christopher & Banks, which has about 400 websites in 44 states, said it would shut down a “significant portion” of stores and was in “active discussion” to sell its website.

The bankruptcy warning was raised last year when the company announced that it had appointed an investment banker to refinance its debt and “explore other strategic alternatives”. In May, the company took out a loan of between $ 5 million and $ 10 million from the Payroll Check Protection Program According to CNN Business Database.

Christopher & Banks admitted in the latest earnings release that Covid-19 has particularly disrupted the shopping habits of women who shop in stores that offer more formal wear. The company said they were becoming more pragmatic shoppers, opting for leisure wear over social bonding clothing.

She is definitely not alone. Other retailers pointed to similar reasons in bankruptcy filing last year. Ascena Retail Group, owner of Ann Taylor, Loft and Lane Bryant, said it Business ‘severely disrupted’ Because of the epidemic, hundreds of stores are closed. RTW Retailwinds, owner of New York & Co. , Also Most of its stores have closed.
With the shift towards working from home, Business wear is outdatedThis jeopardizes the future of companies that depend on office clothes. New data from Coresight Research revealed that more than 8,700 stores closed in 2020 and another 1,400 this year alone.
답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

You May Also Like

한미 양국이 다음주 워싱턴에서 경제협력 회담을 갖는다.

서울, 12월 8일 (연합) — 한국과 미국의 고위 외교관들이 다음 주 워싱턴…

외환시장과 경제 불확실성 속에 원화 가치 15년 만에 최저치로 하락

2024년 7월 5일 서울 하나은행 거래층. (연합뉴스 제공) 주요국의 일관되지 않은 금리…

아시아 주식은 주로 바겐 세일 사냥에 대한 음소거 거래에서 상승했습니다.

2022년 12월 12일 일본 도쿄의 도쿄 증권거래소 이사회에 주가가 보인다. 2023년 1월…

생산자 가격은 5 월에 7 개월 동안 상승했습니다.

서울, 6 월 22 일 (연합)-한국의 생산자 물가는 5 월 식품과 에너지…