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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 | 47 wks ago | updated 46 wks ago
718 views | 19 recommendations | 6 comments

hellosweetie

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...

created by Amy Judd | 47 wks ago | updated 46 wks ago
299 views | 13 recommendations | 6 comments

Dan_DC

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 | 48 wks ago | updated 47 wks ago
1492 views | 16 recommendations | 8 comments

ronaldaroo

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 | 48 wks ago | updated 47 wks ago
403 views | 3 recommendations | 2 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...

created by Terri Potratz | 51 wks ago | updated 50 wks ago
1903 views | 1 recommendation | 1 comment

Pantalon

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 | 51 wks ago | updated 51 wks ago
383 views | 0 recommendations | 0 comments

LoopZilla

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...

created by Amy Judd | 1 year ago | updated 1 year ago
266 views | 2 recommendations | 1 comment

vlup2us65

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 | 1 year ago | updated 1 year ago
1500 views | 38 recommendations | 9 comments

becklectic

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...

created by mazevedo | 1 year ago | updated 1 year ago
139 views | 5 recommendations | 0 comments

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...

created by mtippett | 1 year ago
83 views | 0 recommendations | 0 comments

SOLARLIFE

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...

created by SOLARLIFE | 1 year ago | updated 1 year ago
1296 views | 40 recommendations | 13 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...

created by ashokkjha | 1 year ago
141 views | 0 recommendations | 1 comment

lotis

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...

created by lotis | 1 year ago | updated 1 year ago
124 views | 0 recommendations | 0 comments

shaymaddy

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...

created by JeffHuang | 1 year ago | updated 1 year ago
977 views | 10 recommendations | 9 comments

el neato

Wal-Mart to revamp logo

You might wonder why a new logo is news, but I think it speaks to a larger issue about marketing and perception. The logo is part of a campaign to clean up their mom and pop-killing image. Think it's for real? Or...