retailers

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It&#39;s Chapter 11 for Forever 21
It's Chapter 11 for Forever 21
Sep 30, 2019 4:07 AM CDT

It's Chapter 11 for Forever 21

Retailer calls bankruptcy filing a 'deliberate step'

(Newser) - Low-cost fashion retailer Forever 21 says it has filed for bankruptcy protection—but that doesn't mean it is doomed. In a letter to customers Sunday, the 35-year-old chain said it will be business as usual during reorganization and filing for Chapter 11 protection "is a deliberate and decisive...

Lowe's Just Made Another Big Move to Cut Costs

Thousands of maintenance, assembly workers have been laid off

(Newser) - Lowe's has been stumbling of late, with lagging sales and store closures . Now the home improvement retailer is saying goodbye to thousands of jobs: Maintenance and assembly staff—the folks who put together items such as grills for customers—at all of the chain's 1,800 or so...

Forever 21: 'Oversight' Wasn't Meant to Body-Shame

Retailer sent diet bars out with orders of plus-size clothing

(Newser) - Most people wouldn't complain if an extra treat was included with their clothing order, but some Forever 21 plus-size customers are miffed at what they're calling a "body-shaming" inclusion. USA Today reports that free samples of Atkins snack bars were found along with customers' delivered attire, with...

Costco&#39;s Big Secret: It Doesn&#39;t Play by the Rules
Costco's Big Secret:
It Doesn't Play by the Rules
in case you missed it
Jul 6, 2019 1:40 PM CDT

Costco's Big Secret: It Doesn't Play by the Rules

It could be charging way more but just doesn't

(Newser) - To say that Costco has a legion of fans is no exaggeration: More than 51 million people ponied up more than $3 billion in membership fees in 2018 to get access to the chain and its mega-discounts. At the Hustle , Zachary Crockett looks at what's driving the cultish devotion...

Still Mourning Toys R Us? Wipe Away Those Tears

Sources say small-scale comeback is in the making, with e-commerce site, handful of US stores to open

(Newser) - A big-box chain that shut down all of its US stores last year is announcing a comeback of sorts, though it will be more small box than big box. There'd been hints in late 2018 and earlier this year that Toys R Us wasn't completely dead in the...

Dressbarn Is Closing All 650 Stores
Dressbarn
Is Closing
All 650 Stores
May 21, 2019 1:26 AM CDT

Dressbarn Is Closing All 650 Stores

Chain is 2019's latest retail casualty

(Newser) - In the latest blow to brick-and-mortar retailing, Dressbarn says it is going out of business and closing all 650 stores nationwide. "This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today's retail environment,” Dressbarn chief...

Victoria's Secret Is Closing a Lot of Stores

More than 50 locations will be shuttered as brand competes with big-box retailers, startups

(Newser) - Victoria's Secret has seemingly been operating under the "if it ain't broke, don't fix it" mantra, which for its specific purposes meant continuing to promote its brand through a long-successful campaign of celebrity supermodels and pushup bras. Except now it appears that business model may be...

This May Be Biggest US Retail Liquidation Ever

Payless is shuttering all 2,100 of its stores here, as well as its e-commerce operation

(Newser) - In what the Wall Street Journal says may be the biggest retail liquidation ever in America, one of the nation's most well-known chains for shoes on the cheap is closing all of its stores here. A spokesman says all of Payless' 2,100 or so US locations are expected...

Looks Like Sears Has One Final Gasp of Breath

Chairman Eddie Lampert won bankruptcy auction, can maybe keep stores open

(Newser) - Sears has won a reprieve in a desperate attempt to stave off its own demise. The company's largest shareholder and chairman, Eddie Lampert, won a bankruptcy auction in New York, per a source familiar with negotiations. Lampert had upped his bid to more than $5 billion in recent days,...

Sears Could Be Dead by Saturday
Sears Could Be
Dead by Saturday
Dec 28, 2018 7:00 AM CST

Sears Could Be Dead by Saturday

Bid to save retailer needs to be in by 4pm Friday

(Newser) - After 125 years in business, Sears could now be in its final hours. The iconic retailer, which filed for bankruptcy in October , may have to be liquidated if a bid to save it doesn't materialize before a 4pm Friday deadline. Chairman Eddie Lampert has proposed a $4.6 billion...

Toys 'R' Us: We're Not Dying After All

Hedge funds plan to revive brand

(Newser) - They may not be ready to declare "We 'R' Solvent," but Toys 'R' US appears to be back from the brink of oblivion. The company's top creditors have decided to cancel the bankruptcy auction of its famous name and other intellectual property and will attempt...

H&M Struggles With Mountain of Unsold Clothes

Profits are way down; unsold inventory is way up

(Newser) - H&M says it is struggling with shrinking profits and a massive, ever-growing pile of unsold clothes. The fashion retailer, full name Hennes and Mauritz AB, is sitting on a $4.3 billion mountain of unsold inventory that has grown by 7% over the last year as shopping habits change,...

LL Bean, REI Join 'Sea Change' on Gun Sales

Outdoor companies are latest to act after shooting in Florida

(Newser) - Dick's , Walmart , and Kroger have all tightened their rules regarding gun sales since the Feb. 14 massacre at Marjory Stoneman Douglas High School in Parkland, Fla., and now a fourth major retailer has joined their ranks. A "superfan" on Twitter Thursday night implored the outdoor-recreation retailer to...

He Was in a Controversial H&M Ad. Now He's Had to Move

Family of 5-year-old Liam Mango says they had to vacate their home for 'security reasons'

(Newser) - Controversy keeps swirling around H&M and an online ad that showed a young black boy in a hoodie with the words "Coolest Monkey in the Jungle." The ad has since been removed, but the family of 5-year-old Liam Mango, the ad's model, now says they had...

It Was Strongest Retail Season in Years. Now, $90B in Returns

Retail sales up 4.9% over last year, biggest jump since 2011

(Newser) - The early returns are in for US retailers from the holiday shopping season, and the word "robust" comes to mind. In fact, this season has seen the strongest growth since 2011, reports USA Today . Specifically, retail sales from Nov. 1 through Christmas Eve rose 4.9% over last year,...

RadioShack's 'Bleak' Ending Is Playing Out Online

Depressing tweets as once-giant retailer shuts more than 1,000 stores

(Newser) - As we all headed back to work after the Memorial Day weekend, little did we know that our options for purchasing germanium diodes, walkie-talkies, and electrolytic capacitors were starting to cruelly be yanked away. RadioShack has shuttered more than 1,000 of its storefronts since the holiday weekend and says...

Toys R Us Doubles Down With Turkey Day Hours

Retailer announces 30-hour shopping marathon starting at 5pm

(Newser) - Black Friday has in recent years received a black mark as retailers took criticism for slowly pushing back the mega-shopping event until it actually started on Thanksgiving Day. Some retailers and shopping venues have given in to the backlash: Various malls (such as the Mall of America) and chain stores...

5 Astounding Facts About Walmart's Dominance

Only the DOD and China's military employ more people

(Newser) - Walmart "isn't a unicorn, and it's no longer sexy," Quartz asserts. But there's no denying that the No. 1 company on the Fortune 500 list is a retail powerhouse that seems nearly impossible to overtake. Some astonishing details about how it continues to dominate:
  • With
...

&#39;Force Friday&#39; Has Arrived
 'Force Friday' Has Arrived 
Sep 4, 2015 9:51 AM CDT

'Force Friday' Has Arrived

Retailers hold one-day merch event for 'Star Wars: The Force Awakens' movie

(Newser) - On the fourth of every month, it's easy to find random "May the Fourth be with you" platitudes on social media from Star Wars superfans—but today's "Force Friday" may even lure Jabba the Hutt onto the Internet or into a store on Tatooine. Just after...

Logjam at West Coast Ports a Nightmare for Retailers

Big chains struggling to keep inventories in stock amid labor dispute

(Newser) - If you can't find your size in new Levi's this spring, you can blame a logjam of ships at West Coast ports. A labor dispute that's been dragging on for nine months now is taking an unmistakable toll on retailers all over the US, reports the Washington ...

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