Z Gallerie Files for Bankruptcy Again, Looks for Buyer 

Z Gallerie has filed for bankruptcy due to “severe liquidity constraints” resulting from “underperforming retail stores, adverse macroeconomic trends and industry-specific headwinds,” according to documents filed by the retailer. It has received a $1.1 million line of credit to maintain operations during the bankruptcy process.  This is the third time Z Gallerie has filed for…

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In the New World of Beauty, Community is the Core and Technology is the Enabler

Sasha Radic, Managing Director of the investment bank Jefferies, believes that beauty is one of the most exciting and “special” sectors in retail for two big reasons: its deep connection to joyful moments and its incredible resilience. Building on these characteristics, beauty brands of all sizes can differentiate and grow, especially as more shoppers join…

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Walmart Makes Public Commitment to Ethical Use of AI

As AI has moved into the spotlight, businesses have found themselves performing the tricky balancing act of touting their use of this transformative tech while also assuaging fears about the impact it could have on the world. In July, some of the biggest names in AI — including Amazon, Google, Meta, Microsoft and OpenAI — agreed to a set of commitments developed by…

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