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NEWELL
Senior Manager, Revenue Growth Management
Permanent · ATLANTA
COLUMBIA SPORTSWEAR COMPANY
Global Buyer ii
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NORDSTROM
Asset Protection - Agent - Westfield Culver City Rack
Permanent · Culver City
NORDSTROM
Retail Stock - Carmel Mountain Plaza Rack
Permanent · San Diego
BLOOMINGDALE'S
Asset Protection Outlet Supervisor, Full Time - Bergen tc
Permanent · PARAMUS
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Bloomie's
Permanent · FAIRFAX
COTY
Sales Development Executive
Permanent · New York
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Phoenix
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Phoenix
AMERICAN EAGLE OUTFITTERS
Purchasing Specialist
Permanent · HAZLE TOWNSHIP
WHITE HOUSE BLACK MARKET
Part Time Manager - White House Black Market
Permanent · CLINTON TOWNSHIP
WHITE HOUSE BLACK MARKET
Stock Support Associate - White House Black Market
Permanent · CHERRY HILL
MICHAEL KORS
Full-Time Sales Supervisor, Streets at Southpoint Mall; Durham, nc
Permanent · Durham
DESIGNER BRANDS
sr. Director, International Business Development - Keds (Remote)
Permanent · Waltham
DESIGNER BRANDS
sr. Financial Analyst, Supply Chain (Remote)
Permanent · Columbus
DESIGNER BRANDS
Manager, fp&a - Demand & Net Sales (Hybrid)
Permanent · Columbus
DESIGNER BRANDS
CRM Specialist-Remote
Permanent · Columbus
DESIGNER BRANDS
Manager, fp&a - Margin & Marketing (Hybrid)
Permanent · Columbus
THE REALREAL
Sales Account Manager (Account Luxury Manager) - Agoura Hills
Permanent · Los Angeles
THE REALREAL
Sales Account Manager (Account Luxury Manager) - Calabasas
Permanent · Los Angeles
THE REALREAL
Sales Account Manager (Account Luxury Manager) - West Valley (Thousand Oaks)
Permanent · Los Angeles
TJ MAXX
Loss Prevention Detective
Permanent · Redondo Beach
By
Reuters
Published
Jan 16, 2015
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Retailer Wet Seal files for Chapter 11 bankruptcy

By
Reuters
Published
Jan 16, 2015

Wet Seal Inc filed for bankruptcy protection late on Thursday, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores.

The company listed assets of $10 million to $50 million and liabilities of $100 million to $500 million, according to the filing.


Wet Seal, which reported slowing year-on-year sales growth for the past five quarters, warned last month that it may seek to restructure under provisions of the U.S. Bankruptcy Code if it fails to address liquidity in the near term.

Wet Seal sells apparel and accessories for teen girls and young women through retail stores and an e-commerce website.

Many teen apparel retailers have been struggling as their customers' switch to fast-fashion brands such as H&M, Forever 21 and Inditex's Zara, which bring the latest styles from the runway to their stores within weeks.

Online retailers such as Amazon.com Inc have also been luring customers by offering deeper discounts.

Teen and young women's fashion chain Deb Shops, which is controlled by private equity firm Cerberus Capital Management, in December filed for its second bankruptcy in less than four years and said it would seek a buyer.

$1 = £0.66
 

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