Retail Stores
Golfsmith, the country's largest golf retailer, has failed to find a buyer for itself and could file for Chapter 11 bankruptcy protection in just a few days, according to the New York Post. Sources say Golfsmith, fighting an overall downturn in sales and burdened by debt, could end up a target of Dick's Sporting Goods if it…
With Amazon Prime Day, the second such self-created “shopping holiday,” over for another year, it’s a good time to turn our attention to another big sales opportunity for retailers: Black Friday. Over the years, Black Friday has gained the reputation of a major in-store and online shopping bonanza that every retailer has to participate in…
Aeropostale lives to fight another day. Bloomberg reports the retailer won court permission to sell its assets to buyers led by Simon Property Group Inc. and General Growth Properties Inc after the landlords banded together with liquidators to save jobs and stores. The Sept. 2 auction revealed that with a $243 million bid, Aeropostale will…
Amazon.com is aggressively expanding its presence in the brick-and-mortar retail market, with a plan to open dozens of new pop-up shops in U.S. malls over the next year. The pop-up shops are a separate effort from the physical bookstore that Amazon opened in Seattle last year, and are primarily designed to showcase and sell the company's…
Wal-Mart has joined the list of tone-deaf companies using the upcoming anniversary of the Sept. 11 attacks to sell products. At a store in Panama City Beach, Florida, a display was built out of soda to resemble the towers and above it, a message read: “We Will Never Forget.” Upset consumers took to Twitter to…
A Wal-Mart spokesperson said the company is cutting 7,000 back-office jobs across the country. The cuts affect employees working in accounting and invoicing positions in the company's stores, and will be rolled out over the next few months. The company stated that employees will have the option to move into more customer-facing roles. This comes…
Mattel Inc., the parent company of American Girl, announced that select Toy“R”Us locations will now sell the iconic dolls. The partnership, which boosts the brand's store base nearly six times, will make Toys“R”Us the only U.S.-based retailer to feature American Girl shop-in-shops in some stores. Ninety-seven Toys“R”Us stores across the country will debut the American…
Abercrombie & Fitch Co. announced that it will be closing 60 stores in the U.S. after reporting a wider loss for its second quarter. This represents about an 8 percent closure of its store count in the domestic market. Abercrombie reported that sales have been hurt by a decline of tourists to its flagship cities.…
Aeropostale was thrown a lifeline as a group of interested parties bid on its assets. Companies General Growth Properties, Simon Property Group and Authentic Brands Group joined together to bid $243.3 million to save 229 stores from closing, and therefore possibly saving Aeropostale from liquidation. An auction for Aeropostale's assets was supposed to be held…
Even in hard economic times, many women love to apply makeup to improve their looks, and aren’t concerned about its actual value insomuch as the product does what it says it will. Therefore, beauty brands and retailers typically do well. Enter Ulta Beauty, the retail chain store that’s planning to increase its stores by 100 this year…