NEW YORK— A number of retailers, particularly clothing stores, are shuttering locations as shoppers move online and find fashion inspiration from social media. HEADQUARTERS: New Albany, New York. Bebe Stores Inc., a women's fashion chain, says it's exploring strategic alternatives for the company and is working with a real estate adviser.
NEW YORK— Erica Dao used to shop at malls once a month, looking in stores and seeing what the mannequins displayed. Elizabeth Troy says she was the "queen of sales," going through discounted items at J. Crew and Banana Republic stores at malls near where she lives in Richmond, Virginia. Department stores like Macy's and J.C. Penney— anchors for the malls— are also closing...
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...
Macy's, Kohl's, and Alphabet stocks are making headlines this Thursday morning on Wall Street.
LONDON, Dec 23- Nearly all the UK stores of U.S.-based clothing brand American Apparel, which went into administration in Britain last month, have closed, with the loss of 147 jobs, administrators KPMG said on Friday. The Camden High Street branch in north London is now the only one of the 13 British stores remaining open. At least eight US teen retailers, including...
Company chief executive Stefan Larsson plans to reignite sales growth and turn the brand into a more 'nimble' organization.
The clothing retailer says it will shut down 53 Old Navy stores in Japan, along with 22 Banana Republic locations.
Gap said Thursday that it is closing 75 stores, primarily internationally, by the end of fiscal 2016.
The department store chain will close 68 Kmart locations and 10 Sears stores in late July.
The fast food chain plans to sell 2,800 restaurants in China, Honkg Kong and South Korea.
Occupancy at malls is declining for the first time since the recession, according to research by Green Street Advisors.
Sears Holdings is shutting down a number of stores as part of an annual review of its store network.
The retail chain specializing in athletic shoes tries to turn its business around amid falling sales.
Macy's to close 35 to 40 stores; partner with Best Buy.
Sears reported a quarterly net loss of $548 million, and the retailer said it had nearly doubled its planned store closures to cut costs.
When Crumbs shuttered its remaining stores, it seemed like an abrupt ending for a company that opened a decade ago to ride the wave of popularity of the sugary treat.