The situation at cash-strapped Sears Holdings Corp. remains fluid, but sources following the situation expect the company to file for Chapter 11 bankruptcy protection ahead of a $134 million debt payment, due Monday.
One credit analyst said Sears would likely keep about 300 stores open so it can capture holiday sales. The analyst noted Sears has been cash-flow-positive during the six-week holiday selling period in the past and that it makes sense for the retailer to try to capture as much cash as it can for the debtor’s estate. The retailer operated 866 stores under the Sears and Kmart nameplates as of the end of August.
Super-influencer @chiaraferragni doesn't miss a beat— or a party. Last night, she inaugurated Pomellato's newest boutique on Rodeo Drive, decked out in bling from the jewelry brand. At the event, Ferragni took some time to sit down with us to discuss motherhood, being a newlywed, and the hotly-anticipated documentary she is currently filming.
Photographed by @chelsealaurenla
As the conversation around sustainability only grows stronger in fashion circles, Everlane has made a new declaration: it’s saying goodbye to virgin plastic. The company, whose ethos is all about “radical transparency,” in terms of pricing and ethical factories, plans to be completely free of virgin plastics by 2021. “We’re producing millions of units and every unit that goes out is wrapped in plastic,” said founder and CEO, Michael Preysman. “At the beginning, it was like, ‘Hey, let’s just take off all these plastic bags.’ There are a lot of complications to that. Everything you buy in the world comes wrapped in plastic when it comes out of the factory.”
Meet Flamingo. The direct-to-consumer brand is Harry’s first foray into products designed specifically for women. The line goes beyond shaving, venturing into a space that is typically relegated to darker corners of the drugstore — at-home waxing. #wwdbeauty