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The luxury department store chain succumbed to its mounting debt and the effects of the coronavirus pandemic.
The nearly 200-year-old retailer may close its 38 department stores after the liquidation sales, according to Reuters.
The Kroger-owned retailer will close 71 stores located inside Kroger Marketplace locations.
The $525 million deal was supposed to close in the second quarter.
Vincent Sinisi has 15 years of experience as a retail analyst with Morgan Stanley, Bank of America-Merrill Lynch, and other big names in banking and finance.
Tips for reopening your store and managing your mental health, a hand sanitizer solution for jewelry stores, and more.New York—All the big stories last week revolved around reopening.
A Bain & Co. report on the luxury sector outlines post-pandemic retail trends, from new online shopping habits to a louder call for sustainability.
The locations will reopen in May with several precautions in place, including limited occupancy and voluntary temperature checks.
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Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.