Rundown: More retail bankruptcies, Rare Beauty reportedly halts sale, Amazon Rufus to serve ads

On today's Modern Retail Rundown, the staff kicks things off with the latest on Big Lots' Chapter 11 bankruptcy filing, including a private equity takeover bid. With a valuation of $2 billion, Selena Gomez's Rare Beauty is reportedly pausing plans to sell the 4-year-old company given the current instability of M&A activity. Finally, Amazon sent out a notice to sellers that it plans to sell ad space for its AI assistant Rufus, which launched in beta in early 2024.