Burberry’s New Concept, Vogue Membership, Sears Bankruptcy
Pop Fashion
Kaarin and Lisa
4.7 • 676 Ratings
🗓️ 18 October 2018
⏱️ 46 minutes
🧾️ Download transcript
Summary
Burberry’s New Concept, Vogue Membership, Sears Bankruptcy
Welcome to episode 241 of Pop Fashion! Holy cow, Sears filed for bankruptcy. Meanwhile, Claire's is exiting bankruptcy, Kit and Ace has new ownership, and Deciem's stores are open again. Stitch Fix is having a terrible week! Burberry is launching a monthly product release model, the Met's latest Costume Institute show had a ton of visitors, and Vogue is launching a membership program. Come hang out!
Pop Fashion Links
Website: www.popfashionpodcast.com
Instagram: @popfashionpodcast
Twitter: @JustPopFashion
Lisa’s Links
Twitter: www.twitter.com/lisatella
Website: www.lisarowan.com
Kaarin’s Links
Twitter: www.twitter.com/truetostyle
Website: www.truetostyle.com
Transcript
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| 0:00.0 | Hi guys, this is Lisa. |
| 0:02.5 | And this is Karin. |
| 0:04.0 | And this is Pop Fashion. |
| 0:08.4 | Hello, Lisa. |
| 0:14.6 | Hey, we don't have time to chit-chat. |
| 0:17.3 | Oh, we have so much news. |
| 0:18.7 | We've got to jump right in. |
| 0:19.9 | Yeah, do you have any topics for this introductory period? My topic is retail is gone nuts. That's my topic. Okay. Okay. See, today is the day. Today, when we are, okay, actually yesterday. Monday, October 15th was what I'm going to be calling the day everything changed. |
| 0:40.5 | That's when Sears decided to file those papers. |
| 0:44.3 | We got to, we just got to get into it. |
| 0:45.8 | Everything's changing. |
| 0:47.3 | So Sears filed for bankruptcy. |
| 0:49.5 | I'm sure all of you guys know that by now. |
| 0:52.1 | The reason that they filed for bankruptcy on Monday is because they had $134 million due. |
| 1:01.2 | And I think they went into their pockets and found Lint. |
| 1:05.4 | And they were like, we can't pay it. |
| 1:07.8 | Let's declare a bankruptcy. |
| 1:09.9 | Lent and two bobby pins. Ain't going to pay those bills. |
| 1:13.8 | And Kenmore behind their back. They file for Chapter 11, which has a lot to do with reorganizing and restructuring their debt. |
| 1:24.4 | Lenders were urging them to file for Chapter 7, which I just learned is about liquidation. |
| 1:31.0 | So they're not going to liquidate. |
| 1:32.7 | They're going to reorganize and rearrange. |
... |
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