SAO PAULO, July 28- GPA SA posted a quarterly loss on Tuesday as weak sales, stubborn cost inflation and rising interest rates hammered Brazil's biggest retailer. Earlier in the day GPA's appliance unit, Via Varejo SA, said it was closing stores and eyeing acquisitions in response to a 21.8 percent plunge in sales. The group reported that its workforce had dropped...» Read More
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.