Jimmy Choo has been among the biggest names in high-end shoes for decades, but the company put itself up for sale in April. Today, fashion house Michael Kors announced it’ll buy the British footwear brand for $1.2 billion. Kors has been struggling recently and announced in May it’s closing more than 100 stores. Can this […]

You’ve seen the headlines: the death of retail, the retailpocalypse, the end of the shopping mall as you know it. Well, add another line to that narrative: Staples, the office supply store, has agreed to sell itself off for nearly $7 billion. Sales and profits at Staples have been dropping steadily for four years. So […]

The struggle is real for Sears Holdings — the company behind Sears and Kmart. The once-powerful brand warned investors back in March that there was “substantial doubt” about its future. This week, Sears announced it’s pushed back a deadline on a $500 million loan by six months. That’s got Sears vendors even more anxious about […]