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Luxury retailer Jimmy Choo up for sale 

Luxury retailer Jimmy Choo is on the market.

>> Read more trending news 

The BBC reports the high-end shoe brand is seeking offers, but has not yet received any bids. 

Jimmy Choo believes a sale would “maximize ... value for its shareholders,” a company statement said Monday.

Right now, the British brand has a market value of nearly $900 million and operates more than 150 stores worldwide. 

According to Business Insider, its shares slumped last summer, but have since rebounded, increasing 35 percent over the last year.

JAB Holdings Inc., a long-term investment company, currently holds 68 percent of Jimmy Choo. While it is “supportive of the process,” it also said there is “no certainty that an offer will be made, nor as to the terms on which any offer will be made.”

JAB Holdings, which also holds ownership in Krispy Kreme and Caribou Coffee, purchased Panera Bread earlier this month.

>> Related: Krispy Kreme owner buys Panera Bread for $7 billion

Jimmy Choo was co-founded in 1996 by former “Vogue” editor Tamara Mellon and Choo, who once worked for Princess Diana.

The brand received global attention after its shoes appeared in films “Sex and the City” and “The Devil Wears Prada.”

A single pair of Jimmy Choo shoes can sell for more than $1,000.

Traditional retailers have faced recent tough times. Many iconic brands, from Bebe to Ralph Lauren, are closing stores and taking other drastic measures to stay afloat. Department stores, including Macy’sSears, and J.C. Penney, are shuttering mall locations nationwide. Billionaire investor Warren Buffett blamed the trend in part on the rise in popularity of e-commerce companies, such as Amazon.

>> Related: Wet Seal closing all stores

>> Related: Payless ShoeSource to close 400 stores, files for bankruptcy

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hhgregg to close all stores

If you’re looking to buy a dishwasher at a discounted price, you might be able to find one at hhgregg, as long as you get there before the end of May.

>> Read more trending news

The going-out-of-business sales have begun for the 62-year-old electronics and appliances retailer.

On Friday, April 7 -- about a month after filing for Chapter 11 bankruptcy -- hhgregg announced that it will close all 220 of its stores by the end of May, affecting about 5,000 jobs across the U.S.

"While we had discussions with more than 50 private equity firms, strategic buyers and other investors, unfortunately, we were unsuccessful in our plan to secure a viable buyer of the business on a going-concern basis within the expedited timeline set by our creditors,” hhgregg CEO Bob Riesbeck said in a statement.

Shoppers have just a few weeks to use gift cards at hhgregg. The IndyStar reports that hhregg is limiting refunds on items bought before March 6 to $2,850.

Hhgregg is one of many retailers closing stores within the first half of 2017. Bebe and Wet Seal announced closings of all stores nationwide. News that Payless ShoeSource had filed for Chapter 11 bankruptcy surfaced last week. Earlier this year, J.C. Penney announced it would close more than 100 stores across the county. 

>> Related: Macy’s, Kmart, JCPenney: More retailers closing brick-and-mortar stores

>> Related: Ralph Lauren to close flagship NYC Polo store, dozens of other locations

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Ralph Lauren to close flagship NYC Polo store, dozens of other locations

Ralph Lauren announced Tuesday it will soon close its flagship Polo store on Fifth Avenue in New York City.

>> Read more trending news

The closure, scheduled for April 15, is part of a restructuring plan designed to save the company $140 million a year, CNBC reported.

In addition to shuttering more than 50 stores, the company will also trim its workforce by 8 percent, but would not say how many jobs will be eliminated, according to Bloomberg.

After closing the flagship location, Ralph Lauren will still have seven stores and its Polo Bar Restaurant in New York City.

A company spokesperson said the retailer plans to test new concepts, including the Ralph’s Coffee brand. It will also invest more resources in its e-commerce venture and streamline its organization.

Ralph Lauren made headlines last year for designing Team USA’s parade uniforms for the 2016 Rio Olympics.

Now, it’s facing a $370 million shakeup and shares that have fallen more than 14 percent since the beginning of the week.

The company is among many affected by Americans’ decisions to shop online and avoid traditionally pricey brands. Earlier this week, Bebe announced it will close all its stores and move to online-only sales. The Limited also closed all its stores, and many department stores, including Macy’sSears, and J.C. Penney, are facing hard times and shuttering mall locations nationwide.

Related: Payless ShoeSource to close 400 stores, files for bankruptcy

Bebe closing all stores, moving to online-only sales

Another popular retailer is ditching its brick-and-mortar stores and going to an online-only business.

>> Read more trending news

Bebe Stores Inc.,  a women’s clothing chain which operates fewer than 200 store locations across the United States, is closing all its stores and shifting its focus to become an online-only retailer. 

Bloomberg first reported the news on March 21. It said Bebe has “no significant debt” but has lost about $200 million over the last four years.

Bebe released a statement on March 22, saying that it is “exploring strategic alternatives for the company” and “there is no assurance that this process will result in any specific transaction.”

Bebe, based in Brisbane, California, was founded in 1976.

>> Related: Wet Seal closing all stores

>> Related: J.C. Penney to close between 130-140 stores

>> Related: hhgregg to close 88 stores across the country; see the list

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