Gymboree to File for Bankruptcy, Close Stores

| Daniela Forte

Gymboree could file for bankruptcy protection as early as this week, according to CNBC, the company’s second filing in less than two years. The company is also is also looking to sell its Janie & Jack brand, which has 139 stores, and close hundreds of other locations.

Lampert Succeeds in Sears Chapter 11 Bankruptcy Auction

| Daniela Forte

Sears Chairman Eddie Lampert succeeded with his bid in the bankruptcy auction, USA Today reported. If the judge signs off, this deal could prevent Sears from liquidating the rest of its stores. Here’s the latest in his last-ditch effort to save the struggling, iconic retailer.

Gymboree Considers Closing Half Its Stores

| Daniela Forte

Gymboree could be closing half of its 900 stores a year after emerging from bankruptcy, when it was one of the few retailers managing to escape liquidation in that scenario as ecommerce continues to eat away at brick-and-mortar chains.

Destination Maternity Plans to Close Up to 280 Stores By 2022

| Daniela Forte

Destination Maternity joins a long line of retail downsizers in recent years, announcing plans to close up to 280 unprofitable stores by 2022, including 117 in fiscal 2018 and another 42 to 67 locations in 2019. Here is how much the company expects to save with these closings.

Sears to Close 46 More Stores

| Daniela Forte

Sears Holdings Inc. announced it plans to close 46 more stores as part of ongoing efforts to streamline its operations, strengthen its capital position and focus on its best performing stores. Stores are expected to close by November.

Sears CEO Offers $400 Million for Kenmore

| Daniela Forte

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.

Toys ‘R’ Us to Close Nearly 180 Stores Across the U.S.

| Daniela Forte

Toys ‘R’ Us announced it is closing nearly 180 stores across the U.S., accounting for one-fifth of its retail footprint, in the wake of filing for bankruptcy protection in late 2017. See what CEO and chairman Dave Brandon had to say about the future of the company.

Macy’s to Close An Additional 11 Stores in 2018

| Daniela Forte

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.