Sears Holdings CEO Edward Lampert entered a bid of $400 million to acquire the Kenmore brand, in a letter to the Sears board, offering to pick up the Sears Home Services division for $70 million to $80 million. See why this move is critical and what it means for Sears’ future.
Sears Holdings will soon close 72 more stores, saying it had identified a total of 100 unprofitable locations. Here is how Sears performed during the first quarter of 2018.
The Bon-Ton Stores Inc. announced it would close 42 store locations as part of its “store rationalization program.” See what CEO and president Bill Tracy had to say about the future plans for The Bon-Ton Stores.
Macy’s announced it would close an additional 11 stores this year in an effort to continue improvements in organizational efficiency and to allocate resources to support its growth strategy. Here is the reason behind the closures and what it means for Macy’s.
Ascena Retail Group, the parent company for both Dress Barn and Ann Taylor, plans to close up to 650 stores in the next two years as a result of consumer’s shift to online shopping. See what the company’s next move is in light of these closures.
Michael Kors is expected to shut down up to 125 stores this year, according to various media reports. See what led to these store closures and what Michael’s Kors plans are from here.
Women’s apparel retailer Bebe is joining the unfortunately growing list of failed retail chains, announcing it will close its doors at the end of May after a string of losses. See what is causing the closure of stores and what it means for retail.
More and more retailers are closing stores and other one joins the list. GameStop is planning to close about 150 of its stores in 2017. See what plans the retailer has going forward for 2017.
JCPenney joins the long-list of American retailers like Sears, Macy’s, Kohls and several others when it announced that it would be closing 140 stores and providing buyouts for 6,000 of its employees. See what this will mean for the company.
Struggling teen apparel retailer Wet Seal is suddenly closing all 148 of its U.S. stores. It joins Limited Stores this month as yet another victim of the rapid shift in consumer buying habits that is hitting store chains hard.