Clothing brands Ted Baker, Brooks Brothers, and Lucky Brand plan to close multiple stores in Canada and US due to declining sales, leading to insolvency proceedings and suspension of e-commerce.
Ted Baker, Brooks Brothers and Lucky Brand plan to close numerous stores in Canada and the US after experiencing months of declining sales, pushing the operations into insolvency proceedings. Ted Baker Canada has initiated liquidation sales covering nine of its 25 Canadian stores and all locations in the US, along with all Brooks Brothers and Lucky Brand stores in Canada. The company has temporarily suspended its e-commerce operations.
May 13, 2024
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