Tag: Retail industry
Understanding Chapter 11 Bankruptcy: What Happened to Joann?
Joann Crafts Files for Chapter 11 Bankruptcy
Joann, a beloved craft chain, has recently filed for voluntary Chapter 11 bankruptcy proceedings in an effort to maximize the value of the business. This marks the second...
Closure of Last Store Marks End of Era for Suburban Mall
**Closure of Last Store Marks End of Era for Suburban Mall**The end of an era is looming for many shoppers as the last store at what used to be a bustling suburban mall prepares...
Retailers Closing Stores in 2025: Kohl’s, Macy’s, Party City, and More
**Retailers Closing Stores in 2025: Kohl's, Macy's, Party City, and More**A wave of closures is sweeping across the retail industry in 2025, with major players such as Kohl's, Macy's, and Party City announcing nationwide...
Big Lots Stores to Remain Open After Deal with Investment Firm
The discount chain Big Lots, after filing for bankruptcy protection in September, has recently struck a deal with Gordon Brothers Retail Partners to keep many of its stores and distribution centers operational. This move...
Toys ‘R’ Us Brand Revival in Progress: What to Expect | CNN Business
Revival of Toys 'R' Us Brand in ProgressAfter months of uncertainty following the closure of all US stores in June, there is a glimmer of hope for the iconic Toys 'R' Us brand. The...
How High-Tech Price Tags Can Cause Retail Prices to Skyrocket
Technology is changing the way we shop, and one of the latest innovations causing a stir is digital price tags. These smart pricing systems are allowing retailers to update prices in real-time, similar to...
Barnes & Noble stock soars 20% as it explores a sale New Title: Barnes &...
Barnes & Noble's stock surged by over 20% following the announcement that the board would explore the possibility of selling the struggling company. This decision came after an offer from the company's largest shareholder...
TJX to expand into Mexico
TJX Announces Expansion into Mexico Through Joint Venture
TJX, the parent company of TJ Maxx, HomeGoods, and Marshalls, is set to expand its presence into Mexico through a joint venture with Grupo Axo. This partnership...
Krispy Kreme Shares Up 6.5% After Analysts Upgrade Stock To Buy Over Upcoming McDonald’s...
Krispy Kreme Stock Surges After Analysts Upgrade to Buy Following McDonald's Partnership
Topline:
The stock of Krispy Kreme saw a significant increase on Monday after analysts at Truist upgraded the stock to a buy rating. They...
New ‘marketing muscles’ helped drive Gap sales: Strategist
Gap's Sales Surge Due to New Marketing StrategyShares of Gap (GPS) have seen a significant surge following the revelation that first-quarter comparable sales have grown year over year for all four of its brands....
Best Buy jumps 10% as cost-cutting preserves profits despite sluggish sales
Best Buy Quarterly Earnings Analysis
Best Buy Sales Forecast for 2024
Best Buy Cost-Cutting Measures and Store RefreshesIn the latest financial report released by Best Buy, the company experienced a 10% jump in its shares despite...