Retail Roundup—New York & Co. acquires plus-size retailer; J. Crew's Cyber Monday outage

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J. Crew experienced a site outage on Cyber Monday.

Deepest Black Friday discounts were for luxury products

According to data collected from Edited, luxury items saw some of the steepest discounts over the holiday weekend, cut between 26% and 50%. Though many of these brands want to appear exclusive and so did not announce the price reductions, discount volume was 24% for premium brands and 20% for mass-market goods sold online. (Bloomberg)

New York & Company acquires Fashion to Figure

New York & Company has entered into an agreement to acquire plus-size fashion retailer Fashion to Figure. At a purchase price of $1.4 million, the move is part of Fashion to Figure's ongoing reorganization under Chapter 11 bankruptcy. The acquisition is expected to happen in the fourth quarter of 2017. (Business Wire)

J. Crew's Cyber Monday outage

J. Crew's e-commerce site is back up and running after an outage on Cyber Monday, one of the biggest shopping days of the year. The outage was caused by heavy customer traffic, and the company posted an apology for the inconvenience. (MediaPost)

Wet Seal looks to expand bankruptcy terms

Already bankrupt, Wet Seal is seeking a court order that would give it more time to file a Chapter 11 plan. The company is hoping more time would allow for a lawsuit to try and increase the funds it hopes to distribute to its creditors and to press for tax refunds. (Reuters)

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