Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Hoffman Estates, United States
Retail
Lampert Reveals Plans for Sears After Bankruptcy
Chairman Edward Lampert has said the retail chain will focus more on tools and appliances than apparel.
Lampert Reveals Plans for Sears After Bankruptcy
Chairman Edward Lampert has said the retail chain will focus more on tools and appliances than apparel.
Retail
Report: Sears to Ask Bankruptcy Judge for Approval to Liquidate
Should the retailer liquidate its assets, it would become one of the most high-profile victims in the wave of bankruptcies that has swept the industry in the last few years.
Report: Sears to Ask Bankruptcy Judge for Approval to Liquidate
Should the retailer liquidate its assets, it would become one of the most high-profile victims in the wave of bankruptcies that has swept the industry in the last few years.
Retail
Report: Sears Prepares for Possible Liquidation as ESL Bid Fails
If the 125-year-old retailer does die in bankruptcy, it would mark the largest fatality yet in the retail apocalypse.
Report: Sears Prepares for Possible Liquidation as ESL Bid Fails
If the 125-year-old retailer does die in bankruptcy, it would mark the largest fatality yet in the retail apocalypse.
Retail
Sears Chairman Lampert Makes $4.6 Billion Bid for Bankrupt Retailer
ESL's takeover bid features financing from a variety of sources and a complicated structure.
Sears Chairman Lampert Makes $4.6 Billion Bid for Bankrupt Retailer
ESL's takeover bid features financing from a variety of sources and a complicated structure.
ADVERTISEMENT
Retail
Sears Files for Bankruptcy Just as Things Are Looking Up for American Retail
The company filed for Chapter 11 protection from creditors early on Monday, listing more than $10 billion in debts and more than $1 billion in assets.
Sears Files for Bankruptcy Just as Things Are Looking Up for American Retail
The company filed for Chapter 11 protection from creditors early on Monday, listing more than $10 billion in debts and more than $1 billion in assets.
Retail
Struggling Retailer Kmart Turns the Blue Light Back On
The struggling discount chain is bringing back the "Bluelight Special" in the hopes the iconic marketing approach it pioneered decades ago will breathe life into its stores and online sales.
Struggling Retailer Kmart Turns the Blue Light Back On
The struggling discount chain is bringing back the "Bluelight Special" in the hopes the iconic marketing approach it pioneered decades ago will breathe life into its stores and online sales.
ADVERTISEMENT
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.