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Sears Canada Inc. is stepping up its efforts to close another round of stores, raising more questions about its fate and putting pressure on landlords who already have a lot of empty retail space. The struggling Sears has instructed real estate firm CBRE to look for alternative uses for the company's weakest stores, such as its…
Staples Inc. shook up its management ranks and vowed to make the company more efficient, saying it may need to compete without its proposed Office Depot Inc. merger, a beleaguered deal that hasn’t won antitrust approval. Demos Parneros, Staples’ president of North American stores and its online business, will step down by March 31, the company…
Dov Charney, the ousted founder of American Apparel, on Monday lost an 11th-hour bid to return to the troubled retailer, clearing the way for the company to exit from bankruptcy as early as next week. Judge Brendan L. Shannon of the Bankruptcy Court in Delaware gave his blessings to a plan backed by a majority of…
Starbucks is finally ready to write its Teavana "tea bar" experiment off as a loss. In 2012, the chain forked over $620 million in cash for the tea line, and Howard Schultz boasted the acquisition presented "a $90 billion global market opportunity." Now the company says the stores haven't lived up to expectations, so it's time…
Can seasoned Abercrombie & Fitch marketer Craig Brommers make the Gap more fashionable with today's consumers? Following a sales slide during the holiday season, Gap has named Brommers senior vice president of global marketing for its namesake brand. He succeeds Seth Farbman, who departed a year ago, and went on to helm marketing at digital music…
There are some things that anyone who lived during the 1990s did — whether they care to admit it or not. We all learned the Macarena, everyone got a Rachel haircut and telling another human being to talk to the hand in no way sounded ridiculous to anyone. And rolled into the pantheon of quintessentially…
If you have buyer’s remorse over your potentially combustible hoverboard, Amazon.com has your back. The online retailer is offering full refunds to customers who bought hoverboards from it, the Consumer Product Safety Commission said in a statement this week. The decision follows continuing reports of the self-balancing devices’ batteries overheating and catching fire.
A funny thing has happened on the road to selling Cabela’s, the giant retailer of hunting, fishing and outdoor gear. The company, instead of placing the entire 27-store chain on the block, has decided to first sell its highly profitable credit card operation, The Post has learned. And since Cabela’s is seeking special conditions to the…
With disappointing holiday sales, retailers ended 2015 on a sour note. So far 2016 hasn't looked much better, with U.S. markets in the midst of the worst start of a year ever. Despite the questions swirling about global economic contagion, retail CEOs are quite optimistic — even if no one else is. Since consumer spending accounts for…
Ron Garriques has resigned as chief executive officer at RadioShack less than a year after taking over at the downsized Fort Worth consumer electronics chain. A company representative confirmed the departure on Wednesday, saying that Garriques stepped down “to pursue other interests in a role that will put him back closer to his family.” Chief Financial…