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US Department Stores Give Away $175m in Free Makeup
Yes, you read that correctly, and no, there's no catch. Department stores in the US are being forced to give away $175 million worth of free makeup, fragrance and beauty products beginning Tuesday January...
created by Terri Potratz | 24 wks ago | updated 6 wks ago
21522 views | 19 recommendations | 13 comments
21522 views | 19 recommendations | 13 comments
World’s Top Real Estate Talent Converge on Dubai’s Time Square
Written by John Larsen Dubai-based developer, Nakheel, has enlisted the aid of design firms from around the world, utilizing their expertise, creativity, business acumen and design skills to create the next wave of... Office Depot Employees Blowing The Whistle On Scams
Shady dealings in electronics are nothing new- we all know the shops to avoid, right? What if one of those shady retailers was a big-box store? What if it was Office Depot? According to several whistleblowers,... Liquidity Fears Prompt Delay in Spring Deliveries at Barneys
While retailers and boutiques prepare to launch new spring collections within their retail spaces, Barneys New York is coming up a bit short as numerous accounts are withholding product until the department store...
created by Terri Potratz | 18 wks ago | updated 17 wks ago
159 views | 4 recommendations | 2 comments
159 views | 4 recommendations | 2 comments
Neiman Marcus Lays off 375 Employees
Neiman Marcus is responding to a company-wide efficiency evaluation by laying off 375 employees this week, with more layoffs likely in the near future as the productivity assessment continues. UPDATE: On February...
created by Terri Potratz | 24 wks ago | updated 18 wks ago
552 views | 2 recommendations | 2 comments
552 views | 2 recommendations | 2 comments
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 | 21 wks ago | updated 19 wks ago
575 views | 19 recommendations | 6 comments
575 views | 19 recommendations | 6 comments
Saks Sacks 1,100 Employees
Saks is cutting 1,100 employees by the end of January, or about 9% of its total workforce, in an effort to reduce company costs as the unstable economy continues to wreak havoc upon the retail industry. The... Retail sales rise 1 percent in January
" U.S. retail sales jumped 1 percent in January, reversing a six-month declining trend and defying economists' expectations by posting the biggest increase in 14 months."This is good news. It certainly ... 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 | 21 wks ago | updated 21 wks ago
1319 views | 16 recommendations | 8 comments
1319 views | 16 recommendations | 8 comments
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 | 21 wks ago | updated 21 wks ago
277 views | 2 recommendations | 2 comments
277 views | 2 recommendations | 2 comments
Liz Claiborne Cuts 725 Jobs
Another major US retailer is resorting to layoffs to address the dire economic market, with the latest round of job cuts implemented at Liz Claiborne. 725 employees, or 8% of its total work force, will be eliminated by the end of the first quarter in an effort to cut... subhiksha's official statement -
Background Subhiksha though started in 1997 much before any India Retail story was a small retailer till 2006 – after 9 years in business the store count in 2006 was only 150. The company though small was a pioneering retailer in as much as it had a unique india centric... Planned Obsolescence: Not Just Hard on Your Wallet
There is a reason it's often cheaper to replace a broken electronic gadget than to fix it - the tech industry planned it that way. The unfortunate consumer cycle of want, buy, upgrade, replace, discard is a very... Circuit City to Close All Stores
Circuit City has filed for Chapter 7 bankruptcy, meaning that it will close all of its stores and dispose of all of its assets. In a recent press release, Circuit City stated that it would be unlikely that any assets would remain for their common stockholders. ... Gut Instinct More Accurate than Deliberated Decisions
A new study published in the Journal of Consumer Research has found that people who deliberate are less likely to make consistent and accurate decisions. Those who make snap judgments based on their gut...
created by Terri Potratz | 22 wks ago | updated 22 wks ago
200 views | 12 recommendations | 5 comments
200 views | 12 recommendations | 5 comments
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