Retail Stores

Toys“R”Us, the iconic retail chain that has sold toys and games to millions of children for generations, is closing shop in the United States. After filing for bankruptcy protection in September and suffering through a brutal holiday shopping season, the company decided on Wednesday to close or sell all of its remaining stores, after executives met…

It’s no secret that retailers are afraid of being swept away by the ongoing retail apocalypse — and with good reason. This year, more than 12,000 stores are expected to close, while 50 percent of the 1,200 shopping malls across the U.S. will close by 2023. While online stores fare better, many boutique digital shops…

February retail sales increased 0.3 percent seasonally adjusted over January and 4.4 percent year-over-year as the economy continued to grow, the National Retail Federation (NRF) said today. The numbers exclude automobiles, gasoline stations and restaurants. The three-month moving average was also up 4.4 percent over the same period a year ago, and the results come as…

As Nick Wingfield, technology correspondent for The New York Times described in his vivid, first-hand account of shopping at the Amazon Go store, it’s hard not to get excited about the future of retailing. And while the retail industry can use all the good press it can get, I’m not sure this is it. It was…

Fashion accessories retail chain Claire's Stores is preparing to file for bankruptcy in the coming weeks, people with knowledge of the plans told Bloomberg last week. The company is reportedly closing in on a deal where control would pass from Apollo Global Management LLC, which owns Claire's, to lenders including Elliott Capital Management and Monarch…

Toys"R"Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter. While the situation is still fluid, a shutdown of the U.S. division has become increasingly likely in recent days, said…

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Abercrombie & Fitch announced Wednesday it will be closing 60 stores later this year. The teen apparel retailer, which also owns the brand Hollister, has been reconfiguring its store fleet in malls as more shoppers opt to buy clothes online. Last year, it closed nearly 40 stores, having previously planned to shutter 60 locations. In 2016,…

Foot Locker is the latest retailer to reduce its store count in an effort to cut costs, according to a March 2 Business Insider report. More specifically, the retailer plans to close approximately 110 stores this year, mostly those that are considered underperforming locations. This latest round of store closures augments the 147 stores that Foot Locker closed…

Kohl's said Thursday it would bring discount grocer Aldi into as many as 10 of its stores later this year in a pilot test. The department store chain aims to scale down its real estate footprint and leverage space for other brands, including Aldi. It was reported in January that Kohl's was thinking about not…