The Weekly Closeout: Mud Jeans files for bankruptcy and is the K-shaped economy over?

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It's been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we're still thinking about.

From a Best Buy sneaker to revenue falling at Kate Spade, here's our closeout for the week.

Brooks Running posted a record Q2 and reported revenue grew 14% in the first half of the year. Growth was strong across regions, with the Americas up 9%, Asia-Pacific increasing 10% and revenue surging 39% in Europe, the Middle East and Africa, the retailer said Wednesday. The running brand said it also remained the No. 1 retailer in the U.S. specialty retail footwear market for the sixth consecutive month.

Though Brooks did not provide figures for Q2 by itself, sales decelerated noticeably from Q1, when the privately held company reported revenue growth of 23% . Trail running continued to see robust growth in Q2, growing more than 70% year over year, while accessories increased 29%.

"Around the globe, running continues to play an increasingly important role for people prioritizing health and wellness in their lives," CEO Dan Sheridan said in a statement. "At Brooks, we aim to give runners the very best product and experiences to pursue that. Our first-half results reflect that focus and the incredible work of our teams globally."

Debt led circular denim brand Mud Jeans to file for bankruptcy , CEO and co-owner Dion Vijgeboom said in a post on LinkedIn.

"Over the past months, our team worked tirelessly to build a sustainable future for this company," Vijgeboom wrote. "We believed there was a way forward. But despite all our efforts, the financial burden of historic debt ultimately proved too great to overcome."