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Hudson's Bay Company Cuts 1,000 Canadian Jobs
HBC will eliminate 1,000 Canadian jobs, or about 5% of its workforce, in an effort to restructure and survive the dour retail market which has affected retailers around the world. Major store closures and...
created by Terri Potratz | 39 wks ago | updated 38 wks ago
667 views | 19 recommendations | 6 comments
667 views | 19 recommendations | 6 comments
H&M promises more Organic Cotton Content in their stores
Clothing giant H&M has been using organic cotton in their clothes since 2004, but this year the company plans to use 50 percent more organic cotton than they did last year. Last year they used about 3,000 tonnes... Shop Direct to Relaunch Woolworths
Shop Direct has purchased the recently collapsed Woolworths, and will relaunch the British retailer as an online brand. Woolworths was forced to close all 800 of their stores in December after going into...
created by Terri Potratz | 40 wks ago | updated 39 wks ago
359 views | 3 recommendations | 2 comments
359 views | 3 recommendations | 2 comments
Macy’s Consolidation Results in Layoffs of 7,000
A press release from Macy's today outlined a consolidation plan which call for 7,000 employee layoffs. About 40% of this figure represents an the elimination of executive positions, with the remainder of the...
created by Terri Potratz | 40 wks ago | updated 39 wks ago
1425 views | 16 recommendations | 8 comments
1425 views | 16 recommendations | 8 comments
Searle Files for Bankruptcy
Another US retailer has filed for bankruptcy, indicating that store closings may soon follow for Searle. The womenswear manufacturer and retailer is based out of New York, with 7 operating stores selling...
created by Terri Potratz | 43 wks ago | updated 43 wks ago
367 views | 0 recommendations | 0 comments
367 views | 0 recommendations | 0 comments
Goody's Family Clothing Goes Out of Business
Goody's Family Clothing will liquidate next week, despite months of attempts to keep the US retail chain alive. "The retailer filed for bankruptcy protection on June 9, saying it had been hurt by high gasoline and food prices that had forced consumers to cut back on... Woolworths closure sale to start
Woolworths are starting their closing down sales across the UK in all its 815 outlets."In what looks like the beginning of the end for the retailer, its administrator Deloitte has said that some shops could close... Saks Fifth Ave on 70% Discount
The economy crisis terrorized the Wall Street at first when share prices dropped to the figure below negatives for some even stopped existing all together and the government came up with the slogan " They got...
created by happybrunette23 | 48 wks ago | updated 48 wks ago
1425 views | 38 recommendations | 9 comments
1425 views | 38 recommendations | 9 comments
Wal Mart Shifts CEO and Continues Its High Growth Internationally
"Wal-Mart Stores Inc., the world’s largest retailer, unexpectedly announced the retirement of Chief Executive Officer H. Lee Scott after almost nine years at the helm, replacing him with overseas chief Mike... Best Buy cites 'seismic changes' in consumer behavior
It is becoming increasingly obvious that the predictions of a worst case scenario are now ever more likely. Following an unprecedented financial crisis we are now seeing an unprecedented crisis in retail.""Since mid-September, rapid, seismic changes in consumer behavior... Circuit City files for bankruptcy
Youtube video : Circuit city closes 150 stores Electronics, always important in the US finds no buyers " Circuit City Stores Inc., the No. 2 electronics seller after Best Buy, filed for bankruptcy protection... New MP3 logo gets online support
MPEG-1 Audio Layer 3 most commonly known as MP3 will now bear a new logo."Seven of Britain's largest music download sites have got together to promote a new "MP3 compatible" logo. It aims to raise the profile of...
created by francisrivera | 1 year ago | updated 1 year ago
444 views | 3 recommendations | 0 comments
444 views | 3 recommendations | 0 comments
Muslim sues Tesco for forcing him to carry alcohol
"A Muslim youth who worked with Britain's biggest retailer Tesco has sued the store for religious discrimination after he came to know that he carried crates of alcohol bottles as part of his job, the Daily Mail reported Monday. Mohammed Ahmed, 32, who was raised in Saudi...EU hits Intel with fresh charges
European regulators have filed fresh charges against the world's biggest computer chip maker Intel over alleged abuse of its dominant market position." The European Commission (EC) accused the firm of paying a...EBay Wins Lengthy Trademark Battle Against Tiffany
Previous article written about eBay paying $61 million to Fashion Companies over sales of fake Good can be read here.With the recent courtroom defeat of eBay, there is finally a reason for them to celebrate as...
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