Another retailer recently filed for bankruptcy.
Nine West Holdings owes more than a billion dollars, according to its Chapter 11 filings. The company owns the Nine West and Anne Klein brands.
To offset losses, shoes and accessories brands Nine West and Bandolino will be sold to Authentic Brands Group which owns Juicy Couture and Aeropostale.
The company will continue to manufacture clothing and jewelry under the Anne Klein and One Jeanswear names.