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…
Lowe's is about to debut its latest addition to its store associate team. This fall, the home improvement retailer will introduce LoweBot, a NAVii autonomous retail service robot. LoweBot make its debut in 11 stores throughout the San Francisco Bay area. According to CNBC, "the robots, made by Fellow Robots, use a 3-D scanner to…
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…
Iconic retailer Sears Holdings last week announced that it would accept a loan offer of $300 million from Edward Lampert, the hedge fund manager who runs the company. The loan, from Lampert's ESL Investments, will help provide funds for the all-important holiday season and reassure lenders and vendors nervous about more than $9 billion in losses…
