Month: August 2020

Simon, Authentic Brands to buy bankrupt Lucky Brand for $140.1 million

A pedestrian walks by a Lucky Brand retail store on July 06, 2020 in Corte Madera, California. Los Angeles based Lucky Brand Dungarees announced that it has filed for Chapter 11 bankruptcy as the company is millions of dollars in debt. The retailer will close 13 of its 200 retail stores.

Justin Sullivan | Getty Images

A team-up of the biggest U.S. mall owner, Simon Property Group, and apparel licensing firm Authentic Brands Group has been tapped by a bankruptcy court as the winning bidder to acquire denim maker Lucky Brand for $140.1 million. 

The two — in a

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Sioux Falls shoe store donating 500 pairs to medical workers

SIOUX FALLS, S.D. (KELO) — A Sioux Falls shoe store is giving back to nurses and doctors in the community. Fit My Feet Orthotics and Shoes is teaming up with a national shoe brand and donating 500 pairs of shoes to workers on the front lines in local hospitals.

Fit My Feet Sioux Falls owner Nick Kolterman has been helping customers in town for nine years now. When the pandemic hit, he started looking for ways to chip in.

“We do a lot with the doctors from Sanford and Avera. We contract with the VA Health Care System. We help

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Stocks end mixed, S&P 500 hovers just below record

Stocks ended little changed on Friday as investors considered mixed new economic data and dimming prospects of further fiscal stimulus in the near-term.

Shares of Apple (AAPL) edged lower after rising to a record high on Thursday. Bloomberg reported that the iPhone-maker was preparing to release a new subscription bundle, which would include a package of its services offerings like Apple Music and Apple TV+ in a bid to unlock a new recurring revenue stream. Meanwhile, Epic Games sued Apple after its “Fortnite” game was removed from the App Store, after the developer created an in-app payment

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The Future Of Grocery Stores

Everybody eats – the act of buying food will never go away – but how we buy food will certainly evolve. The future of shopping will focus more on experience and creative more seamless experiences. This doesn’t necessarily mean a robotic cashier-less check-out process, but an experience customers want to have. The future of grocery is all about customer-choice – giving customers the options they want at every stage of their lives.

The future of grocery is here but it’s not evenly distributed. The future of grocery will be impacted by innovation in technology, and other

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