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

한중일 3자 지역회담 앞두고 한중 외교 고위급 회담

일본과 중국의 고위 외교관들이 일본 수출업자들에게 타격을 준 중국의 일본 해산물 금지…

칩 문제로 3분기 자동차 수출 성장률 급감

서울, 10월 29일 (연합) — 작년 3분기 한국의 자동차 수출 증가율은 글로벌…

한국은 3월 신규 채용이 3년 만에 가장 적었다

구직자들이 4일 서울의 한 고용센터에서 구인광고를 확인하고 있다. [Yonhap] 한국은 높은 기저효과와…

관광을 이용하여 북한에 대해 알아보기 – The Diplomat

양덕온천리조트 크레딧: AP통신 광고 북한은 일본과 국교를 맺지 않은 유일한 유엔 회원국이다.…