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Prior to the bankruptcy, heavily loaded with debt due to a private equity buy out, the company's credit rating was downgraded by Moody's. It has $100 million in loans that will come due in the next five years. [16] The company's bankruptcy announcement was part of a trend of retail closures in 2016–2017 known as the retail apocalypse. [17] [18]
Fact: 99% of shoes bought in the U.S. are imports — but if you're looking to fulfill your needs shopping American-made, our list of nearly 40 retailers gives you a perfect place to start.
In 2014, the company acquired 44% of Town Shoes, a chain of Canadian shoe stores, and entered into a licensing agreement for the DSW name. [9] In February 2016, the company acquired Ebuys for $62.5 million. [10] In July 2016, the company added shoes for children to its inventory. [11]
They also tried to acquire the struggling Rykä brand of women's shoes, but the deal failed. In 1995 Walmart and LA Gear signed a three-year contract to design lower-value and specific-to-store shoes for Walmart, but the venture failed as sales for LA Gear shoes at Walmart had declined. The company filed for Chapter 11 bankruptcy in 1998, in ...
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related to: la croix where to buy shoes for women near me 11249 zip code