Management
February 12, 2019 at 2:53 pm
Payless Inc. is preparing for its second trip to bankruptcy court with a plan that could drastically shrink the size of the discount shoe chain, according to people with knowledge of the matter. The retailer is seeking a loan to get through bankruptcy proceedings and discussing plans to shutter a significant portion, and potentially all, of…
February 11, 2019 at 2:14 pm
Toys”R”Us has officially emerged as Tru Kids Inc., a new company, with new leadership and a new vision, according to a press release published today. Effective Jan. 20, Tru Kids Inc. doing business as Tru Kids Brands, became the parent company of Toys”R”Us, Babies”R”Us, Geoffrey and more than 20 consumer toy and baby brands. Tru Kids is…
February 8, 2019 at 2:47 pm
Sears Holdings got a new lifeline yesterday as its sale to company chairman Eddie Lampert, through an affiliate of his hedge fund ESL Investments, was approved by a federal bankruptcy court judge, according to CNBC. ESL has said the $5.2 billion deal to buy Sears will save 425 stores and roughly 45,000 jobs. While an initial…
February 7, 2019 at 3:31 pm
Retailers today can be categorized into survivors and thrivers, and more than half (54 percent) of traditional retailers are only surviving — breaking even, according to BDO’s Retail Rationalized Survey of 300 C-suite executives. Thrivers, by comparison, are profitable, making smart bets and focused on standing out from the competition. As 2019 unfolds, retailers will be trying to differentiate from the competition by improving customer experience, investing in digital technology, and even partnering with startups. But the proactive thrivers will be better positioned to navigate the much-anticipated market correction.
February 7, 2019 at 11:47 am
Gen Zers are digital natives, and companies that provide them with the right tools can help improve business operations and efficiency.
February 4, 2019 at 1:44 pm
Women’s apparel retailer Charlotte Russe Holdings on Sunday voluntarily filed for Chapter 11 bankruptcy protection.
February 1, 2019 at 12:35 pm
Francesca's CEO Steve Lawrence has resigned as the struggling Houston-based retailer explores "strategic alternatives," including a potential sale. The women's apparel and accessories chain announced Thursday it has appointed Michael Prendergast as its interim chief executive effective immediately, following Lawrence's resignation Wednesday. Prendergast is a senior director in the private equity performance improvement division of…
January 31, 2019 at 2:37 pm
The Michaels Companies announced this week that it will close all of its Pat Catan’s stores in the fourth quarter of fiscal 2018 (March). Pat Catan’s is a retailer of arts and crafts in Ohio and surrounding states, including Pennsylvania, Michigan and West Virginia. Michaels intends to rebrand 12 of the 36 Pat Catan’s stores…
January 31, 2019 at 12:31 pm
FAO Schwarz, the iconic toy retailer, closed its last store, the New York City Fifth Avenue flagship, in 2015. Dead and gone? Not quite. The buyer of the FAO intellectual property (purchased in 2016), ThreeSixtyGroup, opened a new flagship in New York’s Rockefeller Plaza on Nov. 16, 2018 to much fanfare. Will this brand revival…
January 29, 2019 at 1:45 pm
Kohl’s announced a strategic collaboration with WW — the new Weight Watchers, a global wellness company — to bring together both companies’ shared passion to empower families and communities to live healthier lives. Kohl’s and WW will pilot several health and wellness offerings throughout 2019 to help customers and Kohl’s associates on their wellness journeys, including the debut…
