Nordstrom family offers $3.8B to take upscale retailer private
The Nordstrom family has offered $3.8 billion to take the company private, a sharp drop from the offer they made six years ago as mall traffic dwindled and department stores continued to take a hit. Brothers Eric Nordstrom, CEO and Pete Nordstrom's president, are partnering with Mexican department store chain El Puerto de Liverpool to […]
Macy’s slashes sales outlook; retailer struggles for cash-strapped shoppers
Iconic department store Macy’s Inc. slashed its annual sales outlook after disappointing second-quarter earnings as it struggles to attract customers hit by inflation. Macy’s shares fell 13 percent on Wednesday to $15.45. Retailers were forced to lower prices on mid- to high-end items and offer more promotions to compete with more affordable rivals, but sales […]
RV retailer Camping World defies order by California officials to take down giant American flag
A major RV dealer has been ordered to remove its giant American flag, but the dealer has ignored the order from California state authorities. Camping World RV Sales, located in French Camp, California, about 80 miles east of San Francisco, had a giant American flag flying above its dealership until April, when county officials ordered […]
Discount Retailer Plans To Close Up To 315 Stores
The Pro Trump News home page features 60 new headlines every 24 hours, click here to see them. Big Lots plans to close up to 315 stores across the United States. CBS News reported: Struggling discount retailer Big Lots plans to close up to 315 stores nationwide, it said in a regulatory filing. In addition […]
Discount retailer Big Lots plans to shutter more than 300 stores
Ohio-based discount retailer Big Lots, which operates about 1,400 stores nationwide, plans to close up to 315 stores in about 30 states as prolonged high inflation drives away customers and puts the company on the brink of bankruptcy. The company filed documents with the Securities and Exchange Commission outlining the terms of its renewed loan […]
Home goods retailer Conn’s files for bankruptcy, closing over 70 stores
Home goods and furniture retailer Conn’s Inc. filed for Chapter 11 bankruptcy protection on Tuesday and announced plans to close several stores. The company announced it would close more than 70 HomePlus stores across 13 states. Corns filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. FOX Business has […]
TV sales for Euro 2024 help triple profits at retailer AO World | AO World
Online electrical goods retailer AO World saw its profits almost triple, helped by a surge in tumble dryer sales during a wet winter and strong Euro 2024 TV sales. Revenues at the retailer, which sells 15% of household appliances in the UK, have also been boosted by the continued popularity of air fryers, which it […]
Chinese retailer Miniso signs lease at JEMB Realty’s 150 Broadway
Giving FiDi’s struggling retail sector a much-needed boost, Miniso, the Chinese “lifestyle” and consumer goods chain with more than 6,000 stores worldwide, including two in Manhattan, has signed a 5,000-square-foot lease at 150 Broadway at Liberty Street with JEMB Realty. The vacant corner used to be home to a Sephora. JEMB leasing director Joseph Hamway […]
Kohl’s shares tumble after retailer reports sales slump, lowers forecast
DR Barton, president of Woodshaw Financial Group, analyzes the consumer climate after Walmart’s strong earnings report in Varney & Company. Kohl’s shares plunged as much as 25 percent on Thursday after the retail giant reported an unexpected first-quarter loss and lowered its full-year earnings forecast. The department store chain reported a 5.3% drop in net […]
Retailer Express files petition for Chapter 11
Check out what’s being clicked on FoxBusiness.com Apparel retailer Express Inc. filed for Chapter 11 bankruptcy protection on Monday. Express said in a press release: “We continue to serve our customers in stores and online across Express, Bonobos and UpWest Brads, and plan to conduct business as usual as we work to right-align our lease […]