Retail Stores
June 9, 2017 at 11:29 am
Ascena Retail Group announced it will close hundreds of stores over the next two years. CEO David Jaffe said 250 stores will be permanently closed by July 2019. ABC reports each Ascena Retail brand — Dressbarn, Justice, Lane Bryant, Catherines, Ann Taylor, LOFT, and Lou & Grey — may see some stores close. Jaffe also…
June 8, 2017 at 10:51 am
Sears Holdings Corp. is closing 72 stores, in addition to the 180 closings it already announced earlier this year. Business Insider reports the company released a list internally on Tuesday of the new closings, which include 16 Sears stores, 49 Kmart stores and seven auto centers. The stores are estimated to be closed by September 2017. The…
June 8, 2017 at 8:00 am
Reebok’s email takes note of a special day by offering a big discount to people who are passionate about their sport.
June 7, 2017 at 2:23 pm
Wal-Mart's Jet.com launched a grocery location in New York City last month in partnership with STORY, a 2,000-square-foot store that features a rotating lineup of merchandise that changes every three weeks to eight weeks. In the installation at STORY, which is on display until July 30, Jet is selling select grocery items such as fresh…
June 6, 2017 at 10:21 am
Wal-Mart’s Jet.com launched a grocery location in New York City last month in partnership with STORY, a 2,000-square-foot store that features a rotating lineup of merchandise that changes every three weeks to eight weeks. In the installation at STORY, which is on display until July 30, Jet is selling select grocery items such as fresh […]
June 6, 2017 at 10:13 am
June 1, 2017 at 11:04 am
Tillys is a specialty retailer in the action sports industry selling clothing, shoes and accessories. Founded in 1982 with a single store in Southern California, Tillys has grown to 225 stores in 33 states. Tillys also sells it products, primarily surf, skate, motocross and lifestyle apparel, through its e-commerce site, mobile site and app, and…
May 31, 2017 at 10:19 am
After seeking bankruptcy protection in April, Payless ShoeSource is preparing to launch a second round of store closings. The footwear retailer is seeking court approval to trim its retail business by closing up to 408 stores if negotiations with landlords fail to result in rent concessions. Payless is asking to close 112 stores outright, and…
May 31, 2017 at 9:56 am
Michael Kors Holdings Ltd. announced during an earnings call that it will be closing 100 to 125 full-price stores over the next two years. This will save the company about $60 million annually, however, the designer handbag and accessories brand expects to incur about $100 million to $125 million in one-time charges. Michael Kors had…
May 30, 2017 at 8:04 am
The athletic footwear, apparel, accessories and equipment brand continues to chug along despite increased competition in the marketplace. Nike increased year-over-year net sales by 5.8 percent in its 2016 fiscal year. In addition, the company increased its net earnings for the year by nearly 15 percent. (Nike ranked No. 44 on Total Retail’s seventh annual ranking…
