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Business Events Store Closings

  • Pedestrians walk past a Gymboree store in San Francisco, California.

    Gymboree will close 375 to 450 of its 1,281 stores in filing for a Chapter 11 bankruptcy reorganization.

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition to 150 the company announced in January. The company said in February it would cut costs this...

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition to 150 the company announced in January. The company said in February it would cut costs this...

  • Sears CEO announced more store closings

    CNBC's Seema Mody reports on more Sears and Kmart store closings announced by the company's CEO, Eddie Lampert.

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close stores as it restructures its operations, following years of declining sales as it has lost customers to big-box retailers, more nimble apparel companies and online merchants. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company,...

  • Sears is closing 66 more stores

    Sears Holdings is closing 66 more stores in efforts to bring up profitability.

  • WILMINGTON, Del., June 6- The owner of the Joe's Crab Shack casual dining chain filed for Chapter 11 bankruptcy on Tuesday amid falling sales, and plans to sell the company for at least $50 million to a private equity firm, according to a court filing. Ignite Restaurant Group Inc, which also owns the Brick House Tavern+ Tap chain, has been closing weaker locations and...

  • A RadioShack location going out of business in Laguna Hills, California.

    In its heyday, Fort Worth-based RadioShack had 7,300 stores and was a regular stop for consumer electronics, USA Today reports.

  • CHICAGO, May 4- Central Grocers Inc, a wholesale grocery cooperative in the Chicago area, filed for bankruptcy on Thursday as it tried to close or sell businesses after struggling to adapt to consumer shifts to online and gourmet shopping and "big box" stores. Central Grocers, with about $2 billion in annual sales, said it had a plan to close its distribution business,...

  • Malls haven't hit doomsday just yet

    Not all of America's malls are doomed.

  • Hedge funds are betting against traditional retailers

    Hedge funds are losing faith in brick-and-mortar retailers.

  • Stores fleeing Fifth Avenue

    There's been a turnover of retailers on the iconic avenue.

  • CHICAGO, April 4- Discount footwear retailer Payless ShoeSource said it had filed for Chapter 11 protection on Tuesday with a plan to restructure debt and immediately close 400 underperforming stores in the United States and Puerto Rico. Privately owned Payless Inc joins a long list of U.S. brick-and-mortar retailers to fall victim to declining mall traffic...

  • Retail bankruptcies heading toward great recession highs

    The number of retailers filing for bankruptcy is poised to touch highs the country hasn't seen since the great recession.

  • Your local JC Penney may be on the chopping block

    The department store chain wants to cut costs and grow sales at its strongest locations, and close its weakest.

  • Feb 24- Department store operator J.C. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers," Chief Executive Officer Marvin Ellison said in a statement. Penney said it expected annual savings of about $200 million from the cost-cutting measures, and would take a related...

  • Feb 2- Wet Seal LLC filed for bankruptcy protection on Thursday, following reports last week that the struggling teen apparel retailer had closed all its stores after it was unable to find a buyer. The Irving, California- based company listed assets of $10 million- $50 million and liabilities of $50 million- $100 million in a filing with the U.S. bankruptcy court in...

  • Stocks to Watch: January 5, 2017

    Macy's, Kohl's, and Alphabet stocks are making headlines this Thursday morning on Wall Street.