Retail Stores
June 30, 2015 at 1:51 pm
Bon-Ton, like a number of other retailers, is turning some of its real estate into cash. The department store on Monday announced an $84 million deal with a real estate investment trust in which it will sell six properties and lease them back. Last week Darden Restaurants Inc. said that it would create a real…
June 29, 2015 at 4:17 pm
Three years after J.C. Penney was boycotted by opponents of LGBT rights, retailers have embraced the Supreme Court’s ruling for same-sex marriage. Amazing how quickly things can change. Just three years ago, J.C. Penney found itself embroiled in controversy when it featured gay couples in its new glossy mail-outs, part of its failed strategy under…
June 29, 2015 at 1:56 pm
bebe stores is in the midst of a turnaround plan to get the women's apparel retailer back on track with a laser-like focus on who its customer is and the kind of clothing she's looking to buy. "There have been paradigm shits within the company and they didn’t work," said CEO Jim Wiggett. "So what…
June 26, 2015 at 3:21 pm
The ousted CEO of The Children’s Place, who two years ago launched his own chain of children’s clothing pitched as “obtainable luxury,” has ended his effort with the company’s bankruptcy. Ruum American Kid’s Wear, started by Ezra Dabah, the former chairman and CEO of The Children's Place, has filed for Chapter 7 bankruptcy liquidation —…
June 24, 2015 at 1:50 pm
A shoplifter swiping a book at Barnes & Noble or a Dollar General cashier stealing a pack of smokes might not be committing the crime of the century, but such transgressions across hundreds of thousands of stores in the U.S. add up to a $32 billion problem. That’s about 70 percent of the inventory ‘shrinkage’…
June 22, 2015 at 2:44 pm
For a long time, malls were dominated by brands like Sears, Gap, and Abercrombie & Fitch. But the tide is turning in retail. Big apparel brands are grappling with shoppers who increasingly want deeply discounted clothes over classic logos and status. Gap is closing one-quarter of its stores and laying off hundreds of workers after…
June 18, 2015 at 4:02 pm
RadioShack is selling $50 million worth of real estate in an effort to appease creditors. Judge Brendan Shannon, the same judge who confirmed RadioShack’s bankruptcy and subsequent auctions for its intellectual property, said he would approve property sales this week to two real estate investors, The Wall Street Journal reported late Wednesday.
June 17, 2015 at 3:52 pm
Anna’s Linens Inc. in Costa Mesa, Calif. filed for Chapter 11 bankruptcy protection on June 14 with the U.S. Bankruptcy Court, Central District of California. The home goods retailer is also negotiating a sale with DW Partners LP in New York. Anna’s Linens said in its bankruptcy filings that its liabilities range between $100 million…
June 16, 2015 at 11:36 pm
Gap is planning to close 175 stores in North America. Of those, 140 will close this fiscal year, the company announced Monday evening. All of those affected will be regular Gap stores, rather than outlets or factory shops. An undisclosed number of European stores are also set to close. This will leave 800 Gap stores…
June 16, 2015 at 2:06 pm
A group of community and labor organizations is accusing Wal-Mart of inappropriately using the nonprofit Wal-Mart Foundation to help reduce local opposition to its expansion efforts in some urban areas like Washington, Boston, Los Angeles and New York. The group argued in a complaint with the Internal Revenue Service dated Monday that the Wal-Mart Foundation…
