retail

Retailers consider possibility of windowless storefronts in the future

Will windowless storefronts be a thing of the future? The possibility of that happening, particularly in urban settings, are being considered by retailers to help protect against looters.
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Mall Owners Working Deal to Save J.C. Penney From Bankruptcy

Mall owners Simon Property Group and Brookfield Property Partners are closing in on a deal that would buy J.C. Penney, and save the retail chain from bankruptcy.
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Up to 25,000 Retail Stores May Permanently Close in 2020

While stay-at-home orders are being lifted and stores are starting to reopen, it may be too late to save a number of brick-and-mortar shops. As many as 25,000 retail stores across the country could permanently shutter by the end of the year.
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Luxury Retailer Neiman Marcus Files for Chapter 11 Bankruptcy

Neiman Marcus stores officially filed for Chapter 11 bankruptcy protection today in a Houston court. The Dallas-based luxury retailer has fallen on hard times, which has been made worse by the coronavirus outbreak. Read more.
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J. Crew Files for Bankruptcy as Pandemic Continues to Hammer Retail Sector

The coronavirus just claimed another corporate victim.
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Pier 1

Pier 1 Files for Chapter 11 Bankruptcy, Will Close 450 Stores & All Stores in Canada

This home-goods store may soon be closed for good after filing for bankruptcy this week.
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Forever 21 Reportedly Preparing to File for Chapter 11 Bankruptcy

Bloomberg reports that fashion chain Forever 21 is preparing to file for bankruptcy protection. The filing could leave the 35-year-old retailer's 800-plus locations in limbo, as unprofitable stores would likely be shuttered as part of Chapter 11 negotiations. Last month, The Los Angeles Times...
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Kay, Zales & Jared Closing Dozens of Locations

Things continue to get worse for brick and mortar stores as Signet, the company that owns Kay, Zales, and Jared announced they'd be closing 150 locations, according to CNBC . They cited weak holiday sales figures as part of the reason why. There is no word yet on which locations will be closed...
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Payless ShoeSource to Close All Remaining U.S. Stores

And another retailer bites the dust. USA Today is reporting that Payless ShoeSource is planning on closing their remaining 2,100 stores in the U.S. and Puerto Rico. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind down its e-commerce operations. All...
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Goodbye Coach Brand, Hello Tapestry?

The Coach Company of New York, a designer primarily known for luxury bags and other leather goods, will be getting a new name next month.
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