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This Retailer Closed the Most Stores Last Year

The parent of Justice, Ann Taylor, LOFT, Lane Bryant and others closed 1,600 stores last year, more than any other major retailer......»»

Category: blogSource: 247wallstApr 8th, 2021

H&M"s sales tumble, stockpiles grow in March to May

H&M , the world's second-biggest fashion retailer, said local currency sales had tumbled 57% since the start of March compared with a year ago as the COVID-19 pandemic and lockdowns kept most of its stores closed......»»

Category: topSource: reutersMay 7th, 2020

H&M sales fall 57% year-on-year in March through early May

Swedish fashion retailer H&M said on Thursday its sales tumbled 57% from a year ago in local currencies during the March 1 to May 6 period as the novel coronavirus pandemic and restrictions to curb it kept most of its stores closed......»»

Category: topSource: reutersMay 7th, 2020

Pier 1 Will Close Over 400 Stores as Hopelessness in Industry Rises

With over 9,000 stores closed in the United States last year, the chance that a major retailer will die has escalated sharply. It will be worse this year than in 2019......»»

Category: blogSource: 247wallstJan 7th, 2020

Revived Charming Charlie brand reveals 15 stores opening, including 3 in Houston

Houston-based fashion and accessories retailer Charming Charlie is making a comeback with 15 stores opening next year, including three in the Houston area. Charming Charlie Holdings Inc. closed all of its 261 remaining stores last summer as part of its .....»»

Category: topSource: bizjournalsNov 18th, 2019

Toys "R" Us Stores Are Selling Fast

The retailer has closed around 800 stores this year, and many of the closed properties have become hot commodities on the open market......»»

Category: smallbizSource: wsjDec 27th, 2018

More than 1000 stores are closing in 2021 as the retail apocalypse drags on. Here"s the full list.

More than 8,000 US stores closed last year, and experts predict 10,000 poss.....»»

Category: smallbizSource: nytMar 17th, 2021

No Toying Around: Toys R Us Stores Could Be Coming Back To North America

One of the most well-known retail brands suffered a Chapter 11 bankruptcy in 2017 that it couldn't overcome. Toys R Us went bankrupt and closed its stores in North America. But the toy retailer could be making a comeback in 2021. read more.....»»

Category: blogSource: benzingaMar 15th, 2021

More than 400 stores are closing in 2021 as the retail apocalypse drags on. Here"s the full list.

More than 8,000 US stores closed last year, and experts predict 10,000 possible closures in 2021. .....»»

Category: smallbizSource: nytMar 9th, 2021

UPDATE: Burlington Stores profit and sales beat estimates, stock jumps 4.6% premarket

Discount retailer Burlington Stores Inc. said Thursday it had net income of $155.9 million, or $2.33 a share, in the fourth quarter, down from $206.3 million, or $3.08 a share, in the year-earlier period. Adjusted per-share earnings came.....»»

Category: topSource: marketwatchMar 4th, 2021

Sephora to open 60 new stores next year plus 200 shops inside Kohl"s

Sephora will add 60 freestanding stores and 200 locations inside Kohl’s stores this year, the largest store expansion in the retailer’s 21-year history. New standalone locations will begin to open this month in cities including Dallas, Aus.....»»

Category: topSource: bizjournalsFeb 26th, 2021

The last 2 Toys "R" Us stores in the US have closed down after the COVID-19 pandemic hit sales

The closure of the final Toys 'R' Us stores in the US brings to to an end a two-year effort to reestablish its retail footprint. A rendering of a redesigned Toys 'R' Us store, from owner Tru Kids. Tru Kids T.....»»

Category: topSource: businessinsiderJan 30th, 2021

Cut-price apparel retailer Primark predicts that store closures during COVID-19 will cost it $1.4 billion

More than 75% of Primark's stores are currently closed, including all its sites in the UK, Ireland, and Germany. Its .....»»

Category: smallbizSource: nytJan 14th, 2021

Verizon loses wireless subscribers

Verizon Communications lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns that closed 70% of its stores. As Fred Katayama reports, it also withdrew its full-year revenue outlook......»»

Category: videoSource: reutersApr 24th, 2020

Verizon pulls 2020 revenue view as it loses wireless subscribers

Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns that closed 70% of its stores......»»

Category: topSource: reutersApr 24th, 2020

Verizon pulls 2020 revenue view as lockdowns result in wireless subscriber loss

Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns that closed 70% of its stores......»»

Category: topSource: reutersApr 24th, 2020

Macy"s weighs raising as much as $5B in debt to weather crisis

All of Macy's stores have been closed since March 18th. The retailer has suspended its dividend, stopped capital spend, fully drawn down its $1.5 billion revolving credit facility and furloughed the majority of its employees......»»

Category: topSource: moneycentralApr 22nd, 2020

Primark commits to paying for 370 million pounds of orders during coronavirus crisis

Fashion retailer Primark has committed to pay suppliers for 370 million pounds ($461 million) of orders, though all its stores are closed due to the coronavirus pandemic......»»

Category: topSource: reutersApr 20th, 2020

Neiman Marcus could file for bankruptcy as early as this week, report says

In March, the Dallas-based retailer temporarily closed 43 Neiman Marcus stores, along with its Las.....»»

Category: topSource: usatodayApr 19th, 2020

Warehouse workers risk COVID-19 to ship Gucci shades, face cream, sofas

As U.S. authorities ordered shutdowns of non-essential businesses to fight coronavirus, retailer Nordstrom Inc closed hundreds of stores and gave in-store workers three weeks’ pay, calling their safety its top priority......»»

Category: topSource: reutersApr 11th, 2020

Party City stocks drops after stores shuttered until further notice, furloughs 90% of store workers

Party City Holdco Inc. stock dropped 11% in Wednesday premarket trading after it announced that its stores will remain closed until further notice. The retailer has furloughed 90% of its store staff, as well as 70% of manufacturing, wholesale a.....»»

Category: topSource: marketwatchApr 8th, 2020