July 28, 2017
The disruption of the past 18 months at retail has forced the major brands to reassess their traditional business models that relied heavily on a strong wholesale channel and they are all reaching just about the same conclusion.
The reorganization plan, which remained essentially unchanged from the deal negotiated last month, received support from a majority of debtors and other stakeholders and was approved by a U.S. Bankruptcy Judge this week.
BBG had alluded to problems it was having with one of its software vendors in its half year release in February, specifically implementation issues around its new ecommerce and retail point of sale systems.
Some 2,500 OR attendees marched to the Utah capitol on Thursday to protest the state government’s public land policies.