Beleaguered teen retailer Wet Seal sparked a social-media firestorm among its workers after some learned that their stores were closing down with apparently little warning. Photos of handwritten signs taped up at some Wet Seal storefronts with hashtags such as #ForgetWetSeal and
C. Wonder, the preppy clothing and gift chain founded by billionaire Chris Burch, is closing all its stores, having failed to find a market for its kitschy mid-priced womenswear, home goods and knick-knacks. "Due to the highly competitive nature of the current retail environment, C. Wonder will be closing its remaining stores," spokesperson Daniela Maron told Forbes. "The company continues to .
Inside the gleaming mall here on the Sunday before Christmas, just one thing was missing: shoppers. The upbeat music of "Jingle Bell Rock" bounced off the tiles, and the smell of teriyaki chicken drifted from the food court, but only a handful of stores were open at the sprawling enclosed shopping center. A few visitors walked down the long hallways and peered through locked metal gates into vacant spaces once home to retailers like H&M, Wet Seal and Kay Jewelers.
Say what you will about regifting. Like it or not, it's entirely possible a present you received this year is destined for the regift pile-or eBay -because exchanging it for cash, or even store credit, isn't an
With $1 billion in costs to cut as part of its merger with Alliance Boots, Walgreen Co. is preparing for potential store design changes and new retail locations to reduce expenses and boost under-performing operations. The largest drugstore chain in the U.S. earlier this week hinted at
With all the talk of Amazon.com crushing brick-and-mortar chains, can the online giant, or any pure-play e-commerce merchant, ever really compete with physical stores when it comes to the instant gratification of leaving a store with a purchase in hand? Amazon's launch last week of Prime Now, a speedy delivery service on tens of thousands of daily essentials to parts of New York City, revived that question.
Minimum wage increases across the United States will prompt Wal-Mart Stores to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations, according to an internal memo reviewed by Reuters. The memo, which was sent to store managers earlier this month, offers insight into the impact of minimum wage hikes in 21 states due to come into effect on or around Jan. 1, 2015.
Is giving to others the greatest gift of all? Even the sourest Scrooge might admit the idea has merit after checking out J.C. Penney's #JustGotJingled campaign from EVB and Victors & Spoils. J.C. Penney staffers approach customers and offer them the chance to "buy" presents for their fellow shoppers. The givers get to choose the lucky recipients (who must be strangers) and tell them they can pick out gifts for themselves from any department in the store. J.C. Penney picks up the tab, and there are no price limits or any other restrictions.
To walk into an Anthropologie store is to experience another state of consciousness. You've never been the type to own a Peruvian-style poncho, and yet, once you spot one artfully displayed on a mannequin, you suddenly imagine yourself swaddled in it while frolicking with alpacas on a hazy hilltop. You don't typically purchase girly kitchen gear, but one look at the brand's collection of ruffled aprons, whimsical doorknobs, and mismatched teacups
Aeropostale is picking up its pace of store closings, just in time for the holiday shopping season. The troubled clothing retailer announced late Wednesday that it plans to close 75 of its stores in its fiscal fourth quarter, which runs from November through January. Even stores slated for January closings are likely to go through store closing sales with limited inventories rather than the typical holiday promotions before Christmas. The company didn't say how many jobs would be lost with this next round of closings.
