Merchants are working to gain business that used to go to Bed Bath & Beyond. The retailer that declared bankruptcy this week had 35 million customers and a 33% share of registry listings in 2022, and those customers are now looking to shop elsewhere, ModernRetail...
Walmart has shuttered half its Chicago stores while facing heavy competition for grocery customers. The move, announced Tuesday (April 11), brings the number of Walmart stores in America’s third largest city from eight down to four, and is happening as the country’s largest brick-and-mortar retailer...
The parent company of Calvin Klein and Tommy Hilfiger will shutter all of its Heritage Brands outlet stores, CNN Business reported. New York-based PVH Corp. said a total of 162 Heritage Brands shops, including the Van Heusen, IZOD, Warner’s and Olga clothing lines, are expected to close...
As department stores suffer amid the COVID-19 health crisis, John Lewis is set to shutter many locations, and Harrods is eliminating 700 positions. John Lewis Chairman Sharon White said the retailer will likely eliminate the yearly bonus that all employees usually receive and will close...
October 15, 2024
Walgreens Boots Alliance is undertaking a transformation focused on its retail pharmacy business in response to persistent challenges in the consumer market and pharmacy sector. As part of this strategy, the company plans to close approximately 1,200 underperforming stores in the next three years to streamline operations and increase profitability. A challenging consumer spending environment […]
April 28, 2023
Merchants are working to gain business that used to go to Bed Bath & Beyond. The retailer that declared bankruptcy this week had 35 million customers and a 33% share of registry listings in 2022, and those customers are now looking to shop elsewhere, ModernRetail reported Friday (April 28). Now, as the retailer begins closing […]
April 12, 2023
Walmart has shuttered half its Chicago stores while facing heavy competition for grocery customers. The move, announced Tuesday (April 11), brings the number of Walmart stores in America’s third largest...
July 16, 2020
The parent company of Calvin Klein and Tommy Hilfiger will shutter all of its Heritage Brands outlet stores, CNN Business reported. New York-based PVH Corp. said a total of 162 Heritage Brands...
July 01, 2020
As department stores suffer amid the COVID-19 health crisis, John Lewis is set to shutter many locations, and Harrods is eliminating 700 positions. John Lewis Chairman Sharon White said the...
