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Upscale fashion retailer files for bankruptcy
The competitive apparel market and a touch retail climate overall has claimed another victim. BCBG Max Azria Group LLC on Wednesday announced that it taken “the next step in the restructuring of its brands and operations” by filing for Chapter 11 of bankruptcy protection. Earlier this month, the company revealed plans to close 120 stores as part of its restructuring efforts. -
Target shares details of $7 billion capital investment plan
Target Corp. has a lot on its plate for the next three years. Among other initiatives the retailer will open 30 small format stores in 2017, doubling its presence in urban markets and on college campuses. By 2019, Target will operate more than 130 smaller stores.