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Kohl's said Tuesday that it's teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country. In a news release, Kohl's said the first Babies R Us shops will open this August and expand to more stores in the fall. Kohl's said the shops will range from 750 to 2,500 square feet, and will add more brands and merchandise to Kohl's baby category. As of Monday's close, Kohl's shares have fallen about 5% so far this year. Kohl's shares closed on Monday at $27.19, bringing the company's market value to $3.01 billion.
Persons: Kohl's, it's, Joe's Jeans, Anne Klein, Fisher, Price, It's, Tom Kingsbury, Michelle Gass, Levi Strauss, That's Organizations: WHP, Burlington Stores, Franchise Group, Macy's
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Factbox: The 10 biggest U.S. retail bankruptcies in 5 years
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +4 min
J.C. PenneyAssets: $7.99 billionLiabilities: $7.16 billionStores: 846After more than a century in business, the department store chain filed for bankruptcy protection in May 2020, weighed down by mounting debt. At the time, its bankruptcy was the biggest collapse of a U.S. retailer by assets since Kmart in 2002. It soon emerged from bankruptcy with much of its store base intact and $400 million in fresh financial aid. Tailored BrandsAssets: $2.48 billionLiabilities: $2.84 billionStores: Over 1,400The owner of tuxedo and business suit chain Men's Wearhouse filed for bankruptcy in August 2020. It emerged from bankruptcy just days short of a year since it filed for bankruptcy under a new name, Premier Brands.
Frank Mori , whose previous experience included selling bras, Jell-O and Dixie cups, arrived as chief executive of Anne Klein & Co. in 1975 with a mission some industry people saw as impossible: Keeping a fashion house relevant after the death of its namesake designer. Ms. Klein had died in 1974. Takihyo, a Japanese firm that owned a large stake in her company, recruited Mr. Mori to try to save its investment. “A fashion house usually dies when the founder dies,” Mr. Mori said later. But the business was still functioning.”
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