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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...
created by Terri Potratz | 4 years ago | updated 4 years ago
649 views | 1 recommendation | 1 comment
649 views | 1 recommendation | 1 comment
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 | 4 years ago | updated 4 years ago
25401 views | 20 recommendations | 13 comments
25401 views | 20 recommendations | 13 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 | 4 years ago | updated 4 years ago
844 views | 2 recommendations | 2 comments
844 views | 2 recommendations | 2 comments
Repair Shops and Second Hand Stores Thriving in Recession
Rather than buying new shoes this year, why not head to your local cobbler? Early research indicates that more Americans are spending their money fixing perfectly good products they already own, and buying... 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 | 4 years ago | updated 4 years ago
798 views | 0 recommendations | 0 comments
798 views | 0 recommendations | 0 comments
Stila and Mattel Team Up for Barbie Cosmetics Line
For her 50th anniversary, Barbie is not only getting a brand new pair of Christian Louboutin pumps and a fashion show at Mercedes-Benz Fashion Week, but her very own cosmetics line. Stila and Mattel are teaming up...
created by Terri Potratz | 4 years ago | updated 4 years ago
691 views | 0 recommendations | 0 comments
691 views | 0 recommendations | 0 comments
UK Store Iceland buys 51 Woolworths stores
The UK food retailer, Iceland has bought 51 Woolworths stores. The stores are in the south of England. Iceland first made an offer to buy all of Woolworths' 815 stores last August. " Frozen food retailer... Richard East Marketing & IT Services
Business Data Mining has become somewhat of a passion and the core of one of the major software projects that we are currently engaged in. Richard East is planning to releas this new, cutting edge data mining software during the first quarter of 2009. List of US Retail Store Closings in 2009 (Ongoing)
Following a shattering year of desperate company restructuring plans, bankruptcy filings, and subsequent store closures in 2008 within the US retail market, more news of store closings across America is anticipated...
created by Terri Potratz | 4 years ago | updated 4 years ago
36579 views | 9 recommendations | 16 comments
36579 views | 9 recommendations | 16 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 | 4 years ago | updated 4 years ago
2191 views | 1 recommendation | 1 comment
2191 views | 1 recommendation | 1 comment
List of UK Retail Store Closings in 2009 (Ongoing)
News of retail store closures in the United Kingdom seems to be arriving daily, as the economic downturn is forcing companies to restructure or file for bankruptcy and close their doors. NowPublic has compiled...
created by Terri Potratz | 4 years ago | updated 4 years ago
13461 views | 32 recommendations | 38 comments
13461 views | 32 recommendations | 38 comments
Adams Closes 111 Stores, 850 Jobs Lost
Last week the Adams childrenswear company announced it was going into administration, and at the time the fate of its 260 stores and staff of about 2,000 was unknown. Today, Adams announced the closure of 111...
created by Terri Potratz | 4 years ago | updated 4 years ago
603 views | 14 recommendations | 2 comments
603 views | 14 recommendations | 2 comments
Secondhand Stores Sparkle in Drab Retail Industry
I've always shopped second hand. Maybe because I've always liked the look of my grandmother's closet or I have an affinity for peculiar smells, but one of the best Christmas presents I received this year was a trip...
created by josiemitchell | 4 years ago | updated 4 years ago
932 views | 17 recommendations | 6 comments
932 views | 17 recommendations | 6 comments
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... Retail Sales Fall Steeply After a Catastrophic Christmas
Last week, retailer sales declined the most in nearly 6 years as a result of extreme discounts and holiday sales during one of the worst shopping seasons in decades. " Consumers spent at least 20 percent less on...
created by Terri Potratz | 4 years ago | updated 4 years ago
320 views | 1 recommendation | 0 comments
320 views | 1 recommendation | 0 comments
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