Peloton lays off 15% of global workforce as CEO Barry McCarthy exits | Retail Dive: The staff reductions impact about 400 employees and come as the fitness company faces declining sales and members.
Teen Clothing Retailer rue21 Files Bankruptcy for Third Time - Bloomberg: Teen clothing retailer rue21 has filed bankruptcy to close its stores and sell its brand, marking the third time the business has sought court protection and the latest sign of trouble for mall-based outlets.
