This year is shaping up to be an especially tough one for retailers across the country. The current environment has resulted in many national and regional retailers closing up shop and turning to bankruptcy as a means of downsizing or liquidating. Whether the retailer has too many stores, an obsolete business model or declining sales…
If you've walked into a retail store over the last few years, you'll notice the shopping experience isn't what it used to be. Showrooms are sparsely stocked and associates lack knowledge of customer needs, making the thought of going to malls and department stores a daunting and frustrating endeavor. As a result, many large retailers…
Sears Holdings Corp. announced today that it will eliminate 400 full-time positions at corporate offices and in support roles. The department store chain said the majority of the positions will be at its Hoffman Estates, Ill. headquarters, but described the job cuts as global. Sears first eliminated job openings and reduced contract workers before making…
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…
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…
Reebok’s email takes note of a special day by offering a big discount to people who are passionate about their sport.
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…
