retail stores

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With All Stores Closing Now, Party City Cuts Off Workers

38-year-old retailer shuts down, ending pay and benefits immediately for corporate employees

(Newser) - Party City has been unable to overcome its financial challenges, its chief executives told employees Friday, especially the inflation that has increased costs and reduced consumer spending. So the company, which still had more than 700 stores, said it's starting to wind down operations immediately, reports CNN , which watched...

Say Goody-Bye to Sam Goody
Say Goody-Bye to Sam Goody
Dec 18, 2024 3:00 PM CST

Say Goody-Bye to Sam Goody

Last 2 Sam Goody locations in US to close in 2025

(Newser) - There are exactly two remaining Sam Goody stores in the US. But soon, there will be none. The music and entertainment retailer will close its remaining brick-and-mortar stores at the Ohio Valley Mall in St. Clairsville, Ohio, and the Rogue Valley Mall in Medford, Oregon, in the new year, according...

Aldi Has Big Plans Across the US
Aldi Has Big Plans
Across the US
Sep 9, 2024 8:36 AM CDT

Aldi Has Big Plans Across the US

Grocery chain says it's hiring 13K workers, adding 800 stores throughout US

(Newser) - Currently, Aldi employs nearly 50,000 people across the US, with almost 2,400 stores under its belt. Both those numbers are about to get a boost, per Quartz , which reports that the grocery chain is set to pump more than $9 billion to open 800 new stores over the...

Retail Stores May Be Killing Themselves With Locked Cases
Stores' Locked Cases
Look Like a Failed Strategy
longform
Aug 11, 2024 3:30 PM CDT

Stores' Locked Cases Look Like a Failed Strategy

Amanda Mull digs in for Bloomberg and finds that the anti-theft practice is 'backfiring'

(Newser) - It used to be that retail stores locked up only items that were pricey or regulated, such as phones or cigarettes. Today, however, everything from toothpaste to deodorant gets locked up behind plexiglass cases, writes Amanda Mull at Bloomberg . In theory, a customer presses a call button to quickly summon...

You Want College Credit With That? Try McDonald's, Walmart

Big retailers are teaming up with colleges to get their workers credit for skills learned on the job

(Newser) - The cost of a college degree is ever-more skyrocketing, and simply unattainable for some would-be students, sending them into low-paying jobs instead of the ivory tower. But some of those low-paying jobs could get them college credit, reports NPR in a look at the likes of McDonald's and Walmart,...

Walgreens Is Closing a 'Significant' Number of Stores

'We are at a point where the current pharmacy model is not sustainable'

(Newser) - Walgreens' stock plunged more than 20% in trading Thursday morning after the company reported disappointing earnings and slashed its profit outlook. The drugstore chain said it plans to cut a "significant" number of its more than 8,600 stores in the US, CNN reports. Walgreens has already closed more...

Dollar Tree Wants to End Its 'Disastrous Merger'

Company announces it would like to sell or spin off Family Dollar chain

(Newser) - Dollar Tree is seeking to put an end to what CNN calls its "disastrous merger" with Family Dollar. The parent company on Wednesday announced it's looking into selling or spinning off Family Dollar, which it bought for $8.5 billion in 2015. The thinking at the time was...

Bruce Nordstrom, of Eponymous Store Chain, Dies at 90
Nordstrom
Scion Dies
at 90
OBITUARY
May 20, 2024 11:26 AM CDT

Nordstrom Scion Dies at 90

Bruce Nordstrom helped transform his family's business into an upscale nationwide chain

(Newser) - Bruce Nordstrom, a retail executive who helped expand his family's Pacific Northwest department store chain into an upscale national brand, has died. Seattle-based Nordstrom Inc. said its former chairman died at his home on Saturday. He was 90, reports the AP . "Our dad leaves a powerful legacy as...

Macy's to Close 150 Stores as It Pivots to Luxury

Announcement comes weeks after department store chain said it would cut workforce by 3.5%

(Newser) - Macy's will close 150 stores over the next three years, 50 of them by the end of 2024, the department store said Tuesday after posting a fourth-quarter loss and declining sales, per the AP . At the same time, the company signaled a pivot to luxury. It said it would...

Party City, Once 'One of the Best', Files for Bankruptcy
Party City's Woes
Come to a Head
Jan 18, 2023 1:11 PM CST

Party City's Woes Come to a Head

Company files for Chapter 11 bankruptcy protection

(Newser) - America's biggest party goods store has filed for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending. Party City, based in Woodcliff Lake, New Jersey, is planning an expedited restructuring that it said would substantially lower its debt and free up cash, reports...

Teeming With Inventory, Kohl's, Gap Resort to 'Pack and Hold'

Clothing retailers are tapping into unusual strategies amid an inventory glut

(Newser) - As summer tilts toward autumn, major clothing retailers have found themselves with a massive glut of inventory, forcing many chains to make tough choices. Per CNN, discounts and promotions are the usual strategies for clearing excess goods, but that's not good enough for Kohl's and the Gap. Both...

Kohl's Wants to Ditch Its Department Store Image
Kohl's Says It's
'Evolving Away'
From Being a
Department Store
in case you missed it
Mar 13, 2022 12:35 PM CDT

Kohl's Says It's 'Evolving Away' From Being a Department Store

'Make no mistake, this is a transformation'

(Newser) - In a trend that started long before the pandemic, department stores are in decline—but Kohl's doesn't want you to think of it as a department store. The chain is working on overhauling its brand with moves including the opening of around 100 stores less than half the...

Amazon Is Closing 68 Brick-and-Mortar Stores

Company is ditching bookstores, 4-star stores

(Newser) - Amazon is closing all of its brick-and-mortar bookstores, as well as its 4-star shops and pop up locations, as the online retail behemoth reworks its physical footprint. The Seattle-based company said Wednesday that the move, which affects 66 stores in the US and two in the United Kingdom, will enable...

Some New Hires at Target to Get Paid a Lot More

Company plans to raise starting wage to $24 where competition for workers is fiercest

(Newser) - Target's current starting wage is $15 per hour, more than double the federal minimum wage—and in some areas, it's going to go a lot higher. The company said Monday that it plans to spend an extra $300 million this year to attract and retain workers with moves...

Amazon Goes Brick-and-Mortar Again, and It's High Tech

Doors will open at the Amazon Style apparel store in Glendale, Calif., later this year

(Newser) - Amazon is the nation's No. 1 apparel retailer , but it has apparently decided that online sales aren't enough. CNBC reports the e-commerce giant will be opening a clothing store (as in one you can actually walk into) in a Los Angeles suburb later this year. Amazon Style will...

Target Makes a Permanent Move on Thanksgiving

All stores will be closed on the holiday, this year and going forward

(Newser) - Target is bailing from one aspect of the holiday shopping rush: Its stores will be closed on Thanksgiving—not just this year, but on all Thanksgivings going forward, reports MarketWatch . The shift can be chalked up to the pandemic: The chain chose to close last Thanksgiving, and it also spread...

Walgreens Says Shoplifting Has Forced It to Close SF Stores

5 more outlets in city will close next month

(Newser) - Walgreens says it's closing five more of its stores in San Francisco because of "organized retail crime," bringing the number of closures in recent years to 22—almost a third of its stores in the city. The chain says its San Francisco stores have been targeted by...

Black Friday Crowds Will Be Much Smaller This Year

But it's still a beacon of hope for struggling stores

(Newser) - After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope. In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending. But these are not normal times:...

'Exhausted' Retailers See Some Record-Setting Good News

US retail sales jumped 17.7% from April to May, but retailers aren't out of the woods yet

(Newser) - US retail sales jumped by a record 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down businesses, flattened the economy, and paralyzed consumers during the previous two months. The Commerce Department's report Tuesday showed retail sales have retraced some of the record-setting...

Starbucks Makes Big Move Toward a New 'Vision'

Company to close 400 stores to focus on takeout-only locations

(Newser) - Starbucks is shifting away from its famous cafe experience in a change only partly inspired by the coronavirus pandemic. The coffee company tells CNN that it was reevaluating its coffee-selling model before the pandemic, as about 80% of transactions at its 15,000 US stores are "on-the-go" purchases. As...

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