store closings

The 8 Retailers That Will Close the Most Stores in 2013

After years in an unsteady economic climate, being battered by e-commerce on one hand and more effective bricks-and-mortar competitors on the other, these eight chains need the relief that shrinking can provide. And this year, that's exactly what they'll get.

Barnes & Noble to Close Up to One-Third of Its Stores

Barnes & Noble CEO Mitchell Klipper told the Wall Street Journal in an interview that his company will have 450 to 500 retail locations in 10 years -- down from nearly 700 now. Still, he insisted "it's a good business model," despite competition from e-books and online retailers.

Shop 'Til It Drops: Take a Virtual Tour of a Dead Mall

First U.S. manufacturing collapsed under the pressure from low-wage labor overseas, leaving the landscape dotted with hollowed-out plants and gutted factories. Now, the suffering retail sector has left us with increasing number of abandoned malls.

How Sears Can Save Itself: Buy and Sell American

On Tuesday, Sears Holdings announced it would close as many as 120 Sears and Kmart stores after a holiday sales season in which it fell flat on its face. What Sears really needs is a new image -- an idea that will lure shoppers back. Could "Made in the USA" be it?

Is Sears Headed for Bankruptcy?

Shares of Sears Holdings fell 27% Tuesday on news that the retailer would close as many as 120 poorly performing Sears and Kmart stores -- an unusually harsh response to a cost-cutting measure. Clearly, investors are concerned that the problems run much deeper -- and they're right to worry.

Bad Holiday Sales Leads to Sears, Kmart Store Closings

Sears Holdings on Tuesday reported a sharp drop in holiday sales compared to a year ago, and said the results will force it to close 100 to 120 Sears and Kmart stores. The company said the stores to be closed have yet to be identified.

A Bolder Look Is in Store for the Gap

Gap executives this week set plans to turnaround its ailing namesake stores, which include jazzing up its concededly drab clothing mix with more colorful items and prints. But is that what shoppers really want from the iconic brand?

Saks Reports Second Quarter Loss of $32.2 Million

Retailer Saks Inc. (SKS) reported a second-quarter net loss of $32.2 million, or 21 cents per diluted share, compared with a net loss of $54.5 million, or 39 cents per share, in the second quarter of 2009. The results for the second quarter of 2010 include after-tax charges of $11.7 million, or 8 cents per share, related to net lease termination costs and $1.1 million of severance and other store closing costs.

Sears to Close 21 Sears and Kmart Stores

Sears Holdings plans to close down eight Sears stores and 13 Kmarts in April and May, laying off nearly 1,000 employees, according to news reports. Sears and Kmart have been suffering from low sales, even while they still have a number of brands that are popular with shoppers.

Steve & Barry's liquidation sale

steve & barry'sSteve & Barry's, the chain that sells everything for a maximum of $10.98, is closing 100 stores by the end of this month, and selling everything...