Popular retailer sells struggling brand for head-turning price
The label is adapting to a change in consumer taste.
One of the biggest trends we've seen in the retail industry over the past several years is dramatic consolidation.
It seems like many brands, stores, and corporations are constantly going through some kind of merger process.
Large corporate incumbents are buying up smaller competitors, mom-and-pop shops are folding, once-popular mall stalwarts are filing for bankruptcy, and it seems like every suburban shopping strip has a shiny new big box store putting down roots.
