Teen apparel brand PacSun announced on Friday several leadership changes where Alfred Chang, PacSun president, and Michael Relich, interim CEO of PSEB Group, will be elevated to co-chief executive officers.
Eddie Bauer and Pacific Sunwear of California are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector, sources said on Wednesday.
The Rockport Group is exploring its options, including a possible sale, after one of the U.S. footwear maker’s major debtholders took ownership of the company, people familiar with the matter said Wednesday.
As Bellevue, Washington-based Eddie Bauer continues to work through financial woes, the brand continues to be relevant by launching its second limited-edition collection with Hollywood stylist Ilaria Urbinati.
Payless ShoeSource Inc settled a dispute with its creditors on Tuesday, after creditors alleged that the company's private equity owners inappropriately siphoned off $400 million before the U.S. retailer's bankruptcy.