retail stores

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Walmart Stats Present a Snapshot of Pandemic

Sales surged, especially online, as Americans stocked up

(Newser) - The pandemic has brought financial ruin to some retailers . Not so with Walmart, whose sales boomed in the quarter that ended May 1, reports CNBC . Overall, same-store sales were up 10%, but the details show how the coronavirus radically altered shopping patterns. For one thing, online sales rose a staggering...

First Big Retailer to Fail From Virus Files for Bankruptcy

J. Crew was already struggling even before the pandemic

(Newser) - J. Crew was having a tough time even before the pandemic arrived. Now, the New York Times says it's the "first major retailer to fall" from the virus, seeking bankruptcy protection to try to stay alive. On Monday, the clothing retailer's parent company, Chinos Holdings, filed to...

Macy's to Reopen Dozens of Stores, With Changes

Temperature checks, masks for workers will now be part of the work environment

(Newser) - Dozens of Macy's stores, closed since March 18, are set to reopen Monday. The company plans to have 68 of its 775 department stores reopened by the start of next week, with limited hours of 11am to 7pm. These are in states that have loosened restrictions. A quarter of...

Texas Governor on Reopening: 'It's Time to Set a New Course'

Stay-at-home orders are expiring, and some states, like Texas, are beginning incremental reopenings

(Newser) - Friday's the day for Texas. That's the day after its stay-at-home order expires, and when Gov. Greg Abbott says venues such as restaurants, movie theaters, malls, museums, retail stores, and libraries may reopen, though at 25% of their usual capacity, report the Texas Tribune and Dallas Morning News...

Ikea's Main Franchisee Prepares for Baby Boom

Ingka aims to reopen European stores in May

(Newser) - Ikea's main franchisee has reopened all but one of its stores in China, and next month it plans to welcome crowds back to its European stores, too. Ingka Group—the world's largest furniture retailer, operating 420 Ikea stores around the world—aims to reopen stores in Europe in...

Costco Draws the Line on Customers

The retail giant limits how many shoppers can enter on a membership card

(Newser) - Costco shoppers, take note: The retail giant says starting Friday it will only allow up to two people inside stores on each membership card, USA Today reports. The company—which has seen huge lineups amid waves of panic buying— announced Wednesday that the "temporary change is for your safety...

&#39;Panic&#39; Buying Hits US Stores
'Panic' Buying Hits US Stores
the rundown
Mar 14, 2020 9:40 AM CDT

'Panic' Buying Hits US Stores

Shoppers stock up amid COVID-19 fears

(Newser) - Plan to go shopping today? Get ready for a lineup. Multiple media outlets are reporting on big crowds nationwide at chain stores including Target, Costco, and Walmart. "We saw the line around the block and we thought the world had gone mad," a Costco shopper in Lawndale, Calif....

The &#39;Joe&#39; Behind Trader Joe&#39;s Dead at 89
Trader Joe's
Founder
Dead at 89
OBITUARY
Feb 29, 2020 6:30 AM CST

Trader Joe's Founder Dead at 89

Joe Coulombe, who started quirky grocery store chain, died after a long illness

(Newser) - Joe Coulombe, the "Joe" behind the Trader Joe's name, died Friday at the age of 89 at his home in Pasadena, Calif. His son Joseph confirmed his death after a long illness to the New York Times and Los Angeles Times . Coulombe had been the owner of a...

Papyrus Is Closing All 254 Stores
Greeting Card Chain Folds
Jan 22, 2020 8:03 AM CST

Greeting Card Chain Folds

Papyrus is closing all 254 stores

(Newser) - Last year was a tough one for the retail industry and 2020 isn't looking much better. The owner of greeting card and stationery chain Papyrus says that after "Herculean efforts" to make its stores "fit today's retail environment," it is calling it quits, USA Today...

Pier 1 Closing Half of Its Stores
Pier 1 Closing Half of Its Stores
Jan 7, 2020 7:21 AM CST

Pier 1 Closing Half of Its Stores

300 employees to be laid off at corporate HQ: Bloomberg

(Newser) - Pier 1 Imports is planning to close nearly half of its 942 stores in the US and Canada, as well as some distribution centers. Monday's announcement—meaning layoffs for 300 people, or about 40%, of staff at its headquarters in Fort Worth, Texas, per Bloomberg —came as the...

See If Your Sears Is on Newest Closure List

96 more Kmart, Sears stores will close by February

(Newser) - If Sears and Kmart stores were animals, they would have just shifted a little higher up the endangered list. Transformco, the company that took ownership of the chains after Sears declared bankruptcy last year, announced Thursday that 96 more stores—51 Sears locations and 45 Kmart stores—will be closed...

Flagship Stores Have a Serious Problem

Even Barneys New York is looking at possible bankruptcy

(Newser) - It used to be considered the retailer's crown jewel—a large format store on a swank corridor that showed off the best of what a brand had to offer. But now the so-called flagship store is disappearing from high-profile shopping thoroughfares like Manhattan's Madison Avenue and Chicago's...

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...

CVS Closes 46 Stores. See If Yours Is On the List

46 stores closed nationwide in April

(Newser) - CVS Health has closed 46 "underperforming" stores, or fewer than 1% of some 9,600 locations nationwide, as it shifts its retail strategy. Taking a $135 million hit, CVS initiated the closures in April under a plan to reduce floor space for retail products and embrace more health care...

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...

Sears Gets Another Reprieve From Liquidation
Sears Gets Another Lifeline
Jan 9, 2019 12:54 AM CST

Sears Gets Another Lifeline

Eddie Lampert says he can add cash to bid

(Newser) - Sears received another lifeline Tuesday when the company's chairman and largest shareholder promised to line up the necessary financing to keep the struggling department store chain afloat. The reprieve came after what Sears lawyers described to a bankruptcy judge in New York as "round-the-clock" negotiations following the company...

Bad News for Iconic Store
Iconic Store Is Saying Goodbye
Sep 14, 2018 1:00 PM CDT

Iconic Store Is Saying Goodbye

Henri Bendel department store in NYC is going out of business after 123 years

(Newser) - Shop on Fifth Avenue? Neither do we, but still: The iconic Henri Bendel department store will soon be gone along with its e-commerce business and 22 other brick-and-mortar locations, People reports. Parent company L Brands is making the move amid increasing retail competition and plummeting company stocks, which fell 55%...

JCPenney Closing at Least 130 Stores

6K employees will get early retirement incentive

(Newser) - JCPenney says it will be closing 130 to 140 stores over the next several months as it aims to improve online sales, reports the AP . Locations will be announced next month. CEO Marvin Ellison says the company also is offering an early retirement program to 6,000 employees, per the...

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