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Rue21 Files for Third Bankruptcy, Plans to Close all 500+ Stores

Retail TouchPoints

The company first filed for bankruptcy in 2002 , then again in 2017. Over the past two decades the mall-based retailer has struggled to regain the popularity it enjoyed during its heyday in the late ’90s.

Planning 263
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Drummond Golf put up for sale after 22 years

Inside Retail

Mark and Ravi Abeyaratne bought the franchise alongside a small group of shareholders in 2002. The company is planning to increase earnings to $12.6 The company boasts 30 per cent market share with more than 150,000 golfers visiting its stores monthly, while its online store has more than 250,000 visits each month.

Wholesale 306
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Woolworths plans $370 million rebrand, upgrade of its NZ store network

Inside Retail

The rebranding is part of a $370 million, three-year transformation plan for the company which will see older stores revamped and an upgraded customer loyalty program. The post Woolworths plans $370 million rebrand, upgrade of its NZ store network appeared first on Inside Retail.

Planning 246
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“Primed for disruption”: Cargo Crew founder talks acquisition, growth plans

Inside Retail

The brand has been in operation since 2002, with over 25 per cent of its online sales coming from overseas. Domestic and global plans Rodgers explained that different companies had approached Cargo Crew over the years to discuss what a joint venture or partnership would look like. I think aprons were primed for disruption.”

Planning 246
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True Religion Aims to Triple Online Revenues with the Help of New Ecommerce SVP

Retail TouchPoints

True Religion plans to transform itself into a “digital-first DTC brand.” In 2002, True Religion launched as a premium-denim brand and over the course of its history the label has expanded to include sportswear and accessories. To lead the charge, the denim brand has hired ecommerce veteran Scott McCabe as its new SVP of Ecommerce.

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With Acquisition of Complex, NTWRK Plans to Create a ‘Next Gen Content and Shopping Experience’

Retail TouchPoints

Buzzfeed has sold youth culture media company Complex to livestream shopping platform NTWRK , which plans to use the acquisition to build a “next generation content and shopping experience.” My journey with Complex began as an admirer of their original magazine in 2002 and it has now come full circle as I step into the leadership role.

Shopping 173
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Denim brand Ksubi to open first standalone store in London

Inside Retail

Ksubi, the Australian denim streetwear brand, plans to open three standalone stores on two continents before the end of this year. Next year, the brand will mark its return home to its Australian roots, with stores planned for Sydney and Melbourne. .

Boutique 245