Nike just got kicked out of an elite club
In June 2018, General Electric (GE) quietly disappeared from the Dow Jones Industrial Average, ending a 111-year run that predated the index itself, according to Bloomberg. The removal didn’t bankrupt…
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Category: Politics
90s fashion retailer closed 350 stores, and it isn’t enough
Few retail chains that filled malls in the 1980s and 1990s still exist today. Teenage me could have shopped at Chess King for shiny shirts, Gadzooks for baggy pants, or…
Costco kills a perk that was growing faster than its stores
Costco usually makes its decisions with members in mind. That’s especially important because membership fees account for a huge share of the company’s profit. “Costco’s membership fees contributed some 72%…
Popular women’s retailer closes 38 stores worldwide
For generations of shoppers, stepping into a Victoria’s Secret or PINK store was a familiar part of the mall experience. The pink walls, distinctive branding, and signature Bombshell fragrance helped…
Popular health and wellness brands set for Chapter 7 liquidation
When a company files Chapter 7 bankruptcy, it places its fate in the hands of the courts. That can result in its assets being sold off for parts, vendors accepting…
J. Peterman, catalog retailer of Seinfeld fame, has shut down
Ordering via a catalogue in 2026 feels a bit like going to the market, bartering for your items, and paying in beads or livestock. It’s an outdated mode of selling…
Discount retail giant closing last 15 stores, starts liquidating
With the last 30 years of technological advances completely upheaving how people all over the world shop for everything from kitchen appliances to clothes, even discount and outlet stores can…
Walmart escapes major legal penalty for a fraction of the cost
Walmart (WMT) has spent nearly five years living under one of the biggest legal threats the U.S. government has ever aimed at a single retailer. That threat is now gone,…
Star Wars legend’s studio liquidated after Chapter 11
Winning an Oscar and being part of multiple film franchises that have topped the box office charts does not guarantee endless success. That’s a lesson Hollywood legend Phil Tippett has…