Page 2 of 2 FirstFirst 12
Results 11 to 14 of 14

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #11
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    77,815
    Bebe is closing all its stores, the latest casualty in retail

    Posted: Apr 21, 2017 7:32 AM PDT Updated: Apr 21, 2017 7:32 AM PDT

    By Aaron Smith

    NEW YORK (CNNMoney) -- Bebe is closing all its stores, the latest brick-and-mortar retailer to get dumped by customers who would rather shop with their phones than their feet.


    Bebe Stores, which models itself as a purveyor of "unique, sophisticated and timelessly sexy" clothing for women, said it plans to close the stores by the end of May, according to a regulatory filing on Friday.


    Bebe did not immediately return messages from CNNMoney asking whether it plans to go out of business or transition to online-only.


    The company had hinted that something like this could happen. Bebe said in an SEC filing last month that it was "exploring strategic alternatives." Earlier this month, the company said it planned to close 28 stores and was trying to figure out what to do with the rest of them.


    Before that announcement, Bebe had 168 stores in the United States and Canada.


    Bebe has plenty of company in the struggling brick-and-mortar retail industry. Macy's, JCPenney and Sears once ruled the shopping malls, but now they're closing hundreds of stores and cutting thousands of jobs.


    Luxury retailer Neiman Marcus said earlier this month that it might sell itself, after ditching its plans for an IPO in January amid sorry sales.


    So who's the winner? Amazon, the behemoth of online retail, is seizing market share from more traditional retailers, though bargain-hunters are keeping T.J. Maxx and Dollar General in business.

    http://www.nbc-2.com/story/35209423/...alty-in-retail

    NO AMNESTY

    DON'T REWARD THE CRIMINAL ACTIONS OF MILLIONS OF ILLEGAL ALIENS

    BY GIVING THEM CITIZENSHIP


    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at http://eepurl.com/cktGTn
    Sign in and post comments.

  2. #12
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    77,815
    Sears to close 50 auto centers, 92 Kmart pharmacies to cut costs

    Ally Marotti Contact Reporter Chicago Tribune

    Sears Holdings plans to close scores of Sears Auto Center locations and underperforming Kmart pharmacies as part of its effort to cut costs by $1.25 billion this year.

    The Hoffman Estates-based retailer already has closed 150 stores nationally — including two in downstate Illinois — in cost-cutting efforts, but more needs to be done in this "very challenging retail environment," Chairman and CEO Edward Lampert said Friday in a news release.


    "We need to take further action," he said.

    The closures and other steps the company already has taken add up to $700 million in annual savings. Closing 50 Sears Auto Center locations and 92 pharmacy operations in certain Kmart stores will help the company reach its $1.25 billion cost-cutting goal, which it increased from a previous target of $1 billion.


    Sears, once a stalwart, has 'substantial doubt' about future

    The embattled retailer did not give a timeline for the store closures. Company spokesman Chris Brathwaite said he did not have a list of which locations are scheduled to close.

    The company also plans to eliminate senior management roles at Sears and Kmart, though it has not said how many.


    Some employees were notified Friday that they would be losing their jobs, Brathwaite said. The rest will be told in the coming weeks.


    "We obviously don't take these decisions lightly," he said. "But in order to be a more competitive retailer and return the company to profitability, we need to look for ways to streamline the operations."


    In February, the company hinted that the auto centers business could find itself on the chopping block. Sears previously signed a $900 million deal to sell its Craftsman brand to Stanley Black & Decker.

    The company at the time said it would continue to look for options for two other popular brands, Kenmore and DieHard, and its Sears Home Services and Sears Auto Center businesses.

    http://www.chicagotribune.com/busine...421-story.html

    NO AMNESTY

    DON'T REWARD THE CRIMINAL ACTIONS OF MILLIONS OF ILLEGAL ALIENS

    BY GIVING THEM CITIZENSHIP


    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at http://eepurl.com/cktGTn
    Sign in and post comments.

  3. #13
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    77,815
    Since 2006, no new malls have been constructed.

    Half of all national malls will be closed within the next decade.


    SHOPPING

    APRIL 22, 2017


    WHY ARE AMERICA’S MALLS DYING?

    JACOB PINKNEY

    Reports indicate that malls across America are closing at an alarming rate, and several of the stores we’ve all come to know and love may soon be available solely via a computer’s address bar. Macy’s, for instance, a global retail powerhouse with upwards of $27 billion in sales annually, will close the doors of hundreds of its stores in the next few years. It’s not the only anchor store that’s cutting its losses, however. Sources claim JCPenney and Sears will also be boarding up several of their locations due, simply, to lack of sales.

    In fact, according to a report by Business Insider, almost 25 percent of America’s nearly 1,300 shopping malls are at risk of losing a large department store. The closing of these anchor stores spells trouble for most malls, as records show that when they leave a region, it is uncannily difficult to find a suitable replacement store.

    With many of these giant retail locations covering more than 100,000 square feet, it’s not hard to see why, and when no replacement is found, the mall’s finances take a huge hit.

    Howard Davidowitz, chairman of a large retail consulting firm in New York City, claims that these store closures and the sharp drop in mall sales that often follows could also be devastating for communities.

    “The communities wither away, and they never come back.”

    Macy’s will be closing several stores in the coming years. [Image by Stew Milne/AP Images]

    With many American malls providing thousands of jobs for citizens in host cities, decreased sales and reduced customer traffic means more layoffs, and eventually, a less-than-healthy economy. Additionally, reports seem to indicate that large-scale mall closures lead to an increase in crime.

    In Akron, Ohio, for instance, records show a homeless man was imprisoned after he was discovered living inside of a vacant store, a man was burned beyond recognition after unsuccessfully trying to swipe copper wire, and the body of a murder victim was found behind one of the mall’s boarded-up stores.


    According to experts, the reason behind the death of America’s mall scene has everything to do with accessibility.

    In a nutshell, consumers are far more at ease shopping from behind a computer than anywhere else. Author Robin Lewis, a man with over 40 years of experience in retail operations consulting, describes the new conundrum of remote shopping rather succinctly.

    “All of a sudden, the consumer now has every single retail store throughout the world a key tap away.”

    Records show that, since 2006, no new malls have been constructed. Lewis even predicts that about half of all national malls will be closed within the next decade.


    According to analysts, Amazon, one of the world’s largest online shopping platforms, is allegedly one of the biggest contributors to the decline of the American mall.

    Reports indicate that almost every time malls seem to experience a large-scale significant financial loss, the company founded by mega-billionaire Jeff Bezos experiences substantial gains.

    With the addition of user-friendly services like Prime and Alexa, the e-commerce behemoth doesn’t appear to have any intentions of slowing down.

    The relative ease of online shopping with companies like Amazon has hurt many malls financially. [Image by Justin Sullivan/Getty Images]

    Sources indicate that American malls haven’t completely given up hope for a comeback, however. According to Mark Slusher, senior vice president of Thalhimer Realty Partners, upper resource management is working on a plan to “create a new experience” that will attract people to the more personable atmosphere physical shopping offers. Included in that plan, according to Slusher, will be new attractions like theaters, trampoline parks, laser tag, and high-end restaurants. He indicates that, in theory, the more a consumer can experience in real life, the less inclined they will be to shop from the internet.

    Records do seem to support this assertion, as a recent report claims that the few malls that are surviving in the new e-commerce-dominated market all seem to offer an experience that focuses on engaging the customer first and foremost.


    As malls across America look to return to the “golden age” of shopping, they’ll hope to implement strategies to compete with an ever growing online retail market.

    http://www.inquisitr.com/4165930/why...s-malls-dying/

    NO AMNESTY

    DON'T REWARD THE CRIMINAL ACTIONS OF MILLIONS OF ILLEGAL ALIENS

    BY GIVING THEM CITIZENSHIP


    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at http://eepurl.com/cktGTn
    Sign in and post comments.

  4. #14
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    77,815
    APRIL 26, 2017 BY DANIEL MAURER

    Cue the Semisonic. American Apparel has closed its Manhattan stores.

    “It’s the end of an era,” said the friend of a staffer lingering at the Soho store. Along with others, the store at 429 Broadway closed for good this afternoon after running out of deeply discounted merch.


    An employee of five years, who asked that we identify her only as Nasty, said she had been keeping a list of things customers said during the store’s final days. “We made a tally every time people said, ‘Oh my god, I’m so sorry for your loss!’ and ‘What are you going to do now?'”

    The shuttered Soho store.

    The chain’s Greenwich Village store, at 704 Broadway, also locked up around 3pm today. Calls to other Manhattan locations went unanswered. A call to the Park Slope location, however, revealed that it was still up and running, but would close for good by 8pm today.

    (Leave it to Park Slope not to take the hipster bait.) An employee there said they still had men’s and women’s t-shirts, long-sleeves, skirts, and size-small jeans. Everything is 90 percent off, and not a thing in the store is more than $8, she said.


    Discounts were at 80 percent last week when I stopped into the Penn Station-area store, now shuttered. Even the shelving, furniture and hangers were for sale.



    Nasty described the closure of the Soho store as “bittersweet.” She told us American American was a “fun place to work” and “definitely the best retail job to get.”


    The nationwide closures came after Canadian company Gildan Activewear bought the notorious brand’s assets out of bankruptcy for $88 million and opted to shutter all stores.

    According to the New York Post, American Apparel-branded clothes are now being made in Central America, though Gildan has said it will explore the possibility of doing some manufacturing in the United States.

    Either way, the brand will no longer be based in Los Angeles, where over 2,000 workers were laid off. Adding insult to injury, there’s a possibility American Apparel will now be sold in stores like– gasp– Kmart.

    http://www.marketwatch.com/story/us-...ing-2017-04-25

    NO AMNESTY

    DON'T REWARD THE CRIMINAL ACTIONS OF MILLIONS OF ILLEGAL ALIENS

    BY GIVING THEM CITIZENSHIP


    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at http://eepurl.com/cktGTn
    Sign in and post comments.

Page 2 of 2 FirstFirst 12

Similar Threads

  1. Two More Victims Of The Retail Apocalypse: Family Dollar And Coldwater Creek
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 1
    Last Post: 04-17-2014, 05:46 PM
  2. Replies: 5
    Last Post: 04-07-2014, 02:25 PM
  3. 20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 0
    Last Post: 03-10-2014, 07:44 PM
  4. Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 2
    Last Post: 02-20-2013, 09:01 PM
  5. Starbucks closing 600 stores in the US
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 2
    Last Post: 07-01-2008, 09:23 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •