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Chapter 22: Why Some Retailers Emerge from Bankruptcy Only to File Again
As of August 31, 16 retailers have filed for Chapter 11 bankruptcy in 2017. Four of those sixteen retailers are filing for “Chapter 22”, meaning this is their second time declaring bankruptcy. Chapter 22 cases show that the first bankruptcy failed and that the firm and its advisors were too optimistic regarding the firm’s viability out of bankruptcy. The chart below summarizes the four Chapter 22 filings over the past year:Online giant now owns a 3D body scanning startup
Amazon’s newest acquisition could give a boost to the company’s fashion category — including its growing private-label apparel business. The online giant has acquired Body Labs, a 3D scanning platform that uses artificial intelligence, computer vision, and body modeling to accurately create an avatar-like image of a customer’s dimensions. The 3D platform provider announced the news on its website.XThis ad will auto-close in 10 seconds

