Fashion Retailer Express Files for Chapter 11 Bankruptcy Protection, Shutters Nearly 100 Stores
United States fashion retailer Express Inc. has filed for Chapter 11 bankruptcy protection as it plans to shutter more than 95 stores.
United States fashion retailer Express Inc. has filed for Chapter 11 bankruptcy protection as it plans to shutter more than 95 stores.
Approximately 1,000 Family Dollar and Dollar Tree stores are scheduled to be closed after “botched” business decisions and a “surprise fourth-quarter loss,” with the company’s shares taking a tumble.
The oldest toy store in San Francisco, which inspired the movie “Toy Story,” is shutting down for good due to rampant crime and other issues.
The LEGO store in the San Francisco Centre mall has officially closed, right in the middle of the Christmas retail season, joining a retail exodus from the city that is driven by crime, homelessness, drugs, and the nation’s slowest post-pandemic recovery.
Local bank branches are closing across San Francisco, as the city’s economic decline continues amid crime, homelessness, and a drug epidemic.
Another retailer is fleeing Union Square in downtown San Francisco — this time, a century-old haberdashery known for its hats.
Christmas Tree Shops is reportedly preparing to shut down all of its 82 locations after initially planning to close just ten.
Williams-Sonoma, a retailer specializing in kitchen and home furnishings, confirmed Friday that it will leave its downtown San Francisco location next year, becoming the latest big retailer to leave the Union Square area.
Nordstrom will be shuttering its two stores in downtown San Francisco after 35 years due to a change in “the dynamics of the downtown,” the retailer announced Tuesday.
Gap Inc. is eliminating 1,800 corporate jobs, “mainly in San Francisco and New York,” as part of an effort to make the company “more nimble and less bureaucratic,” the Wall Street Journal reported Thursday.
Bed Bath & Beyond said Tuesday it will be shuttering 150 more stores as the beleaguered home goods chain cuts costs as it works to stay afloat.
Small business owners expect sales conditions and the overall economy to deteriorate in the coming year.
The consumer expectations barometer fell again, hitting a six month low, and remains at a low level consistent with a looming recession.
A conservative magazine in Europe has been dumped by a major retailer after a number of progressives declared what has been described as a “retail ‘fatwa'” against the publication over its contents.
Retail and construction openings crashed in June as the Fed raised interest rates at the fastest pace in decades.
The cracks that have started to emerge in the post-pandemic recovery grew a bit more visible in the May jobs report.
Amazon’s grocery store business has cost it billions of dollars over the past 15 years and has yet to really cement its foothold in the retail space. Analysts are now referring to the business as Amazon’s most “expensive hobby.”
Apple Store employees around the United States are reportedly attempting to unionize as hourly workers grow frustrated with wages and working conditions. According to the Washington Post, Apple employees are using Android smartphones to discuss unionization to avoid potential snooping efforts by their employer.
Tech giant Amazon is reportedly bringing its cashierless convenience stores to the suburbs. Areas outside of major American cities can soon expect to see “Amazon Go” stores pop up as Amazon continues its assault on the bricks and mortar retail industry.o
E-commerce giant Amazon is reportedly opening its first-ever brick and mortar clothing store called Amazon Style. The first location will open in Los Angeles later this year, although an exact date hasn’t been specified.
An industry group has said that German retail trade over Christmas has been ‘dramatically bad’ due to the country’s COVID Pass rules.
Hackers are reportedly sending “antiwork” manifestos to receipt printers at businesses worldwide, taking over the common transaction record to spread their political propaganda.
CVS Health said Thursday it plans to shut down 900 locations over the coming three year period, WHDH reported.
Prices are up but plans to spend on gifts actually declined slightly. That points to fewer gifts this year.
Tech and e-commerce giant Amazon reportedly plans to open multiple large physical stores across the United States that will operate similarly to department stores. Amazon is already the largest seller of clothing in the United States.
Retail giant Walmart is set to give 740,000 employees free Samsung smartphones by the end of the year so they can use a new app to manage schedules and perform a wide variety of other tasks in the store. Employees will be free to use the phone for their personal business as well.
A recent report from Bloomberg reveals that Amazon has considered opening home goods and electronics discount stores in an effort to offload unsold items.
Fry’s Electronics stores across the country are shutting down for good as the company is going out of business.
In a recent article, Recode outlines how retailers track customers’ every move in exchange for providing them with coupons and convenient shopping experiences.
If you take away the seasonal adjustment, employment grew in the retail sector in November.
A survey released by the French Court of Auditors has warned of the increasing disappearance of local shops from vulnerable, impoverished no-go areas across the country due to security issues. The survey described a “phenomena of withdrawal” of businesses from
El Paso Mayor Dee Margo (R) is attributing the recent spike in cases of the Chinese coronavirus to individuals shopping at large retailers during a Sunday appearance on CBS News’s Face the Nation.
E-commerce giant Amazon is reportedly in talks with the largest mall owners in America to turn retail spaces into fulfillment centers.
Tech giant Apple has reclosed 11 of its stores in Southern California, Maryland, Ohio, and Tennessee due to local increases in Wuhan coronavirus infections. This makes a total of 91 American stores that have been closed back down after opening.
Microsoft announced on Friday that it will permanently close all of its retail locations. The company behind the ubiquitous Windows operating system announced this week that their 83 retail locations would close as part of a larger effort to shift focus to online sales.
Several Target locations will close temporarily due to violent riots following the death of George Floyd, the company announced Sunday.
The Retail Industry Leaders Association (RILA) and the National Retail Federation (NRF), trade associations representing major players in the retail industry like Walmart Inc. and Target Corp., crafted a blueprint outlining a uniform, three-phased approach to reopen stores across the country, which they plan to send to governors on Monday.
One of the main discussions that have been taking place as the coronavirus outbreak continues is why toilet paper cannot stay on the shelves at retailers across America, with many theories emerging, including unnecessary hoarding.
Tech giant Apple has reportedly opened its retail stores in China once again after shutting them down last month due to the Wuhan coronavirus outbreak.
E-commerce giant Amazon is reportedly set to announce a new business line selling the technology behind its cashier-less Amazon Go convenience stores to other retailers.