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

Retail TouchPoints

Seven years into its most recent comeback, teen fashion retailer Rue21 has filed for its third bankruptcy, citing “the continued growth of online shopping, industry competition, inflation and macroeconomic headwinds.” The company first filed for bankruptcy in 2002 , then again in 2017.

Planning 263
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New Balance opens its first ‘Grey Store’ in Asia Pacific

Inside Retail

Sports footwear and apparel manufacturer New Balance has opened its first Grey Store in the Southern Hemisphere – at Sydney’s The Galeries shopping centre. The Boston-based company has also launched a limited-edition fragrance range Distilled to commemorate the opening of its Galeries Grey Store.

Apparel 264
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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.” The fusion of content and live shopping creates an immersive experience tailored to the tastes of today’s digitally savvy consumers.

Shopping 173
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Is brick-and-mortar retailing really dead?

Inside Retail

After all, why would customers drag themselves to a brick-and-mortar store when they can do all of their shopping online? The reality is that while an online presence is absolutely essential for retail success these days, customers still like to visit a physical store to shop. Enter Diverse Project Group.

Shopping 264
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How MCoBeauty’s Shelley Sullivan built a $1b brand and redefined masstige beauty

Inside Retail

There was a lot of luck as well because back when Covid was on, you couldn’t shop beauty anywhere else, Sullivan said in an interview with Sunrise on 7 this week. We were Woolworths’ main cosmetic brand, so women were cruising the aisle of Woolworths and had nowhere else to shop but the grocery stores.

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Walmart Advances Media Ambitions with $2.3 Billion Acquisition of Vizio

Retail TouchPoints

Our media business, Walmart Connect, is helping brands create meaningful connections with the millions of customers who shop with us each week. Vizio, founded in 2002, has since amassed more than 18 million active accounts, growing its platform by enabling users to stream free content by watching ads.

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Denim brand Ksubi to open first standalone store in London

Inside Retail

Originally called Tsubi, the brand quickly spread to London, debuting in a disused tube station in 2002, before being renamed Ksubi in 2006 following a trademark dispute. A local real estate investor named Shaftesbury claims that the London shop will be situated at 10 Carnaby Street and has a 2132 sqft retail space. .

Boutique 245