Sentences with phrase «by store closures»

The company looked at a broader sample of the retail industry than department and specialty hard goods and soft goods stores, the two segments that are hardest hit by store closures.

The retail sector came into this earnings season plagued by store closures, weak customer traffic, and the menacing growth of e-commerce juggernaut Amazon.com (NASDAQ: AMZN).

Sales for both the quarter and the year were also impacted by store closures and lower online sales.

However, the pizza company has been dogged by store closures and threats of legal action from disgruntled franchisees amid a price war with Domino's and Pizza Hut.

Not exact matches

By the time the store closures were announced, they were contributing a very small portion to the retailer's bottom line, according to Joly.

Bon - Ton did not immediately respond to Business Insider's request for comment on the store closures but announced in a press release Wednesday that the liquidation firms» bid had been approved by the US Bankruptcy Court for the District of Delaware.

«This quarter's results fell below our expectations as our revenues were impacted by additional bankruptcies, store closures and rent concessions,» CEO Stephen Lebovitz summarized it in the third - quarter earnings report.

«Although we are disappointed by this last store closure in Chicago, by no means does this change our commitment to our customers and presence to Chicago's residents.»

The decline was driven by a 6.7 % decrease in comparable sales, including our e-commerce channel and a weighted average square footage decrease of 18.8 %, resulting from store closures.

The retail giant has been led by five different people in four years, as it faces declining sales, store closures and layoffs

This reduction was driven primarily by restructuring charges associated with the fiscal 2017 store closures and voluntary early retirement program.

However, store closures and potential job losses are front and centre of the deal, with House of Fraser looking to shore up its fortunes by launching a Company Voluntary Arrangement (CVA).

As of March 31, 2015 Target Canada has announced the closure of 120 stores by April 8, 2015.

Like most retailers impacted by these storms, we are still assessing the impact they will have on our business and operations, but we do expect the store closures, dislocations and extraordinary hurricane - related expenses to have some impact on our current quarter financial results.

The investment bank slashed its earnings forecasts for Retail Food Group by between 50 and 60 per cent after factoring in shrinking sales from store closures and weaker margins from increased investment to support struggling franchisees.

Many elderly residents and people without cars were dismayed by the store's closure.

We think nothing of the inconvenience caused by all - night queues outside the Apple store or the disruption on Saturday afternoons as football crowds disperse, yet we clamour for a clamp down when a march causes temporary street closures.

It's unclear what kind of financial impact the police barricades and lane closures on Fifth Avenue are having on business for the stores located near Trump Tower, but de Blasio said the city will be working with the Midtown business community on the problem, which he hoped would be offset by the holiday season, when New York City expects to receive 60 million tourists.

Approximately 1,100 jobs are threatened by the office closures with a further 400 people working in HR, facilities and 14 regional file stores across England facing privatisation.

Instead, Schaeffler's latching valve is activated by a hydraulic pressure pulse before the engine stops, which causes a small volume of pressurized oil to be stored in one of the transmission «s switching elements for the subsequent start - up operation, thus allowing a more rapid closure and helping to ensure that the vehicle has the necessary acceleration capability.

They expect to «finalize and implement a store closure, store liquidation and lease modification plan» as approved by their board, closing about 30 percent of their 642 stores, or approximately 200 locations, over the next few weeks.

Many of the store slated for closure have been deemed unprofitable by the company.

The consumer book market last year was effected by the closure of a number of independent book stores and especially by the collapse of the biggest independent wholesaler Top Kniga with together with its in excess of 500 retail stores.

Prompted by the closure of two Waterstone's store in Dublin and the receivership of The Sunday Tribune, the discussion was a little glum but not without its bright patches.

Without any new openings, that rate of closure would reduce the total number of Barnes & Noble's stores by a third - it currently has 689 retail stores, and 674 college stores.

Failing video games chain GAME has been saved from outright closure by an investment firm, which is taking on the fraction of UK stores still open after the retailer entered administration last week.

It expects to close approximately 180 stores by year - end 2015 and more than 50 in 2016, for a total of at least 400 closures by the end of 2016.

In 2016, malls and other types of shopping venues have been hit by 280 major - brand store closures, totaling 12.8 million square feet (1.2 million square meters), data from Reis Inc. show.

For retail landlords, apparel and department - store closures have so far been offset by the store growth of other kinds of chains such as dollar stores and off - price retailers, which have kept vacancy rates low.

The chain closures can be custom - engineered to fit any opening, can be stored conveniently, and are durable, virtually maintenance - free and easy to operate by one person.

«Market analysts indicate the national retail market is being impacted by bankruptcy filings and store closures even as new retail centers are being developed,» reports the Greenwich Group in its research publication Retail Real Estate: Marked Up or Marked Down.

Retail REITs have maintained high occupancy rates, despite retailer bankruptcies and store closures, by attracting new tenants including those providing services and offering «experiences».

Another expected result was the fact that malls also suffered thanks to store closures, as the average vacancy rate at those properties increased by 0.2 % to 8.1 %.

«Further store closure announcements by department stores would be an incremental headwind for Mall REITS.»

Store closures by the likes of Macy's and Toys «R» Us threaten to resurrect a retail nightmare from the Great Recession — cascading vacancies...

«Retail bankruptcies and store closures have thus far represented the greatest risk for mall operators, but also a potential opportunity if they can be replaced by higher - quality tenants» wrote Hill in the wake of Macy's news.