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Teen retailer files for Chapter 11 — again
The Wet Seal has filed for Chapter 11 bankruptcy protection for the second time in a little over two years. The move comes after the struggling teen apparel retailer said it planned to close all its stores after it was unable to find a buyer or fresh capital. The company’s website is still selling merchandise, with all goods discounted. -
Walgreens, Walmart and Target among retailers opposing Border Adjustment Tax
More than 100 retailers and trade associations, including Walgreens Boot Alliance, Rite Aid, Walmart and Target, have joined the Americans for Affordable Products coalition in an effort to stop the Border Adjustment Tax, otherwise known as BAT, which is a component of the U.S. House Republican tax reform proposal.