Nine West files for bankruptcy

[Sherman A1]

http://money.cnn.com/2018/04/06/news/companies/nine-west-bankruptcy/index.html

Nine West said in a statement that it plans to sell Nine West and its Bandolino line to Authentic Brands Group. ABG owns Juicy Couture and Aéropostale, among others.

The company's eponymous brand and Bandolino both sell women's shoes, handbags and accessories.
Ralph Schipani, the struggling retailer's CEO, said that the restructuring will help the company reduce debt and increase growth by allowing it to focus on its stronger brands, like Anne Klein and One Jeanswear Group.

"This is the right step," Schipani said. "We will retain our strong, profitable and growing apparel, jewelry, and jeanswear businesses." He added that the changes should help the company to "be well positioned for the future."

[BigmanPigman]

1. Damn, another one bites the dust.

I'd better use my gift cards before all retailers are out of business.

[Sherman A1]

4. Agreed

I have stopped buying gift cards for Retailers and now simply give cash for gifts for the Nieces and Nephews for birthdays and holidays. I am going to use up what I have laying around the house shortly from Lowes and Home Depot and anything else that I find in the drawer, but no more gift cards for me, they are just too risky.

[In_The_Wind]

2. Going to miss the great Nine West shoes.

[Sherman A1]

5. Apparently they plan to be around awhile

so might be time to do some shopping to stock up.

[Wellstone ruled]

3. Sad,this was known to fail.

They were loaded down with debt they had zero chance to repay. Again,follow the money.