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

터키의 문제, 중국 정책 입안자, 한국 수출 : 환경의 날

사진 : Bloomberg 월요일, 유럽에 오신 것을 환영합니다. 한 주를 시작하는 데…

3분기 한국 경제는 0.6% 성장했다.

사진은 남산에서 바라본 서울 도심의 상업시설 모습이다. [YONHAP] 올해 3분기 한국 경제는…

SPH는 한국 전자 상거래 회사 인 쿠팡의 약 0.1 %를 소유하고 있으며, 기업 및 시장 뉴스와 주요 뉴스

싱가포르 (근무 시간싱가포르 프레스 홀딩스 (SPH)는 한국 전자 상거래 회사 인 쿠팡의…

추모의 벽에 걸린 전사자들을 기리는 한국 참전용사들

수백 명의 한국 전쟁 참전 용사, 그 가족, 고위 인사들이 수요일 아침…