Retail News

Venture firm on the hunt for distressed retailers

The Wall Street Journal 08/26/2020

Retail Ecommerce Ventures, founded by a former NASA scientist and his partner, have snapped up the intellectual property and some of the assets of companies including Dressbarn, Modell’s Sporting Goods, Linens ‘n Things and Pier 1 Imports. The goal is to turn failed yet recognizable retailers into strong online sellers.

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