Cole Haan
Cole Haan is a luxury footwear company that was considered at risk by USA Today in 2018. The footwear retailer tried to pander to the growing popularity of athletic shoes by focusing less on dress shoes. Previously owned by Nike, it was bought out by Apax Partners in 2013. It had to abandon the famous comfort technology offered by its former parent company! What makes things even worse is that it now has to compete with the company that used to operate it. That can’t be good.
Cole Haan
Charlotte Russe
In March 2019, CNBC said that Charlotte Russe was going to liquidate and cease operation in its stores. It filed for bankruptcy in February 2019, initially with the plan to shut down only 94 retail stores. Sadly, the number rose to 500 stores when a liquidator won the bankruptcy court auction. The women’s apparel company must have suffered because its stores were primarily found in malls. We already know that fewer people are going to the mall these days. It is a good idea to keep up with the times, folks.
Charlotte Russe