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Rainbow Shops is now owned by the Syrian-Jewish Chehebar family. [4] [5] Today, along with sister brands 5-7-9 and Marianne, Rainbow operates 1,300 stores in United States, Puerto Rico, and the U.S. Virgin Islands. [2] Rainbow's holding company, A.I.J.J. Enterprises Inc., purchased the 5-7-9 brand in 1999 from the bankrupt Edison Brothers Stores.
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Prior to the bankruptcy, heavily loaded with debt due to a private equity buy out, the company's credit rating was downgraded by Moody's. It has $100 million in loans that will come due in the next five years. [16] The company's bankruptcy announcement was part of a trend of retail closures in 2016–2017 known as the retail apocalypse. [17] [18]
The first Nordstrom Rack location was in the basement of a downtown Seattle Nordstrom store. Its website was launched in February 2014 by HauteLook , which was acquired by Nordstrom in 2011. [ 4 ] The Nordstrom Rack e-commerce site was built on a shared platform with HauteLook, which is Nordstrom's flash sale business.
After chatting with podiatrists, orthopedics, and feet health specialists, we found the best shoes for arthritic feet. Orthopedic experts helped us pick the best shoes for arthritic feet in 2025 ...
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