Regulation Shaping Cryptocurrency Desires Still Have Long Way to Go Despite Acquisitions, Discount Retailer Still Faces Challenges on Banks Performing Well on Compliance Acquisitions to Expand Crypto Derivatives Business View More Bitcoin Blockchain Cross-Border Payments Cryptocurrency Digital Assets Fintech Cryptoasset Market News News Regulations Stablecoin Stock Market Commodities Still Face Challenges Despite Acquisitions In January 2020 After the acquisition, the company that once dominated discount retail faces an uncertain future.
The deal finalized last month ensures that hundreds of stores will sweden consumer email list continue to operate as the bankrupt retailer's assets are transferred to other entities including . Under the new ownership structure, locations will be taken over to maintain the brand and continue operations as well as up to two distribution centers. For the company, the deal with Gordon Brothers offers a glimmer of hope after a tumultuous year marked by financial difficulties and falling sales.
The company was initially slated to be acquired, but the deal fell through and it faced closure. While the new deal brings hope, retailers still face challenges. It has struggled to adapt to changing consumer preferences and is too reliant on traditional brick-and-mortar retail to compete with discount giants such as Walmart Inc. The strategic and real estate woes are not unique to the discount retail sector, said the real estate and investment management firm's president and global chairman of Retail Advisory Services.