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Business Events Store Closings

  • GOODLETTSVILLE, Tenn.— After a slow start to the year, Dollar General bounced back in the third quarter thanks to stronger sales that pushed revenue and earnings ahead of projections. While much of the retail sector has been closing stores and laying off workers for years, Goodlettsville, Tennessee- based Dollar General has been opening locations and hiring...

  • The chain sells women's clothes and accessories at about 100 stores in malls, outlets and strip centers across California, Nevada, Utah, Arizona and Florida, according to its website. Styles For Less, which has close to 600 employees, will file in the U.S. Bankruptcy Court's Central District of California, he added. Styles For Less joins a number of retailers,...

  • SAN FRANCISCO, Sept 26- The thought of Toys' R' Us closing stores due to its recent bankruptcy filing is too much for one nine-year-old to bear, according to court papers. Bankruptcy Judge Keith Phillips, who is overseeing the bankruptcy case. Toys' R' Us filed for Chapter 11 bankruptcy protection earlier this month to restructure $5 billion of its long-term debt.

  • Fitch: Amazon could force 400 malls to close up shop

    Credit rating agency Fitch projects that 400 malls could close as a result of the "Amazon effect."

  • Sept 15- Women's shoe chain Aerosoles Group filed for Chapter 11 bankruptcy protection on Friday with a plan to close most of its stores and focus on its wholesale, e-commerce and international businesses, becoming the latest casualty in the struggling U.S. retail sector. Edison, New Jersey- based Aerosoles said it would close 95 percent of its 78 stores while...

  • Sept 13- Target Corp said on Wednesday it would hire 100,000 workers for the holiday season, 43 percent more than last year, as the retailer goes all out to attract customers at a time when rivals are closing stores and cutting costs. "I think sees an opportunity to take market share in an environment where we have so many store closures in the specialty apparel and...

  • TORONTO, July 27- Hudson's Bay Co is planning to open its first namesake department store in Canada in at least five years, the company confirmed on Thursday, even as other competitors are shuttering stores in a brutal retail market. HBC's planned opening in Montreal comes as it faces pressure from activist shareholder Jonathan Litt, who is pushing for the...

  • 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.

  • 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.

  • 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.

  • 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.