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Brooks Brothers is a high-end luxury American fashion company founded in 1818 and is the oldest apparel brand in continuous operation in the United States. [2] Originally a family business, it is currently owned as a joint venture between Authentic Brands Group and Simon Property Group.
In 1981, Allied Stores acquired the 24-year-old retail conglomerate Garfinckel, Brooks Brothers, Miller & Rhoads, Inc. for $228 million (~$647 million in 2023). With that transaction they acquired 178 department stores and 48 specialty shops in 28 states.
A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
Brooks sneakers easily fall in the $110 to $160 range, but with these extended Labor Day deals, I found several styles under $100 (we look at footwear prices everyday, and this is quite rare).
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