Sentences with phrase «last store closure»

«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.»

Not exact matches

The company last week warned about store closures after reporting dismal first - quarter sales of its top three brands.

Within the last couple of months, several mall - based stores — including American Apparel, Abercrombie & Fitch, The Limited, Bebe, BCBG, and Wet Seal — have announced mass closures.

While small in their physical footprints, the store closings will be another setback for shopping malls that have been grappling with declining traffic and a rash of store closures in the last year as a number of chains have gone bankrupt or pared back their stores amid the rise in online shopping.

As I mentioned on our last call, our preliminary real estate plan for 2016 calls for one store opening and approximately 20 to 40 store closures.

Last month, the list of closures grew with the retailer announcing that it will shut roughly 8 stores this year, eliminating the jobs of roughly 480 employees.

Barnes & Noble's retail store sales for the quarter declined 10 percent from last year to $ 1.51 billion, reflecting a 7.3 percent decline in comparable - store sales, store closures and lower online sales.

The closure of the last remaining Borders stores in Australia puts 315 out of work.

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.

But this article on the closure of New York City's last classical sheet music store is a great reminder that books aren't the only paper - based art form changing with new technologies.

At this time last year, investors were talking about the «retail apocalypse,» as 2017 saw a record number of store closures, but following a strong holiday season, retail stocks have been surging.

Staff were reportedly informed of the closure last Sunday and then customers yesterday found stores closed down with posters advertising the company's website.

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.

In the last year, retail sales have dropped an «unprecedented» 9.8 percent, and with a projected 150,000 retail store closures this year, many malls will soon become empty.

(Bloomberg Gadfly)-- Retail downsizing and bankruptcy filings have led to the highest number of store closures in the U.S. so far this year since 2010 — and that was before Macy's said it would shutter 12 percent of its base last week...

John Mercer, a senior analyst at Coresight Research, a retail think tank, says he expects slightly fewer store closures in 2018 than last year, which «seemed to be an exceptional year,» he says.

Last year, there were 7,066 announced store closures — RadioShack shuttered the most locations.

Malls May Be Dying, But Bets Against Their Debts Haven't Paid Off «A rash of store closures and bankruptcies last year prompted some investors to bet against debt tied to the retail property sector.

«While the closures of retail stores announced last week and today are unlikely to have an impact on CMBS in the short run, if these trends continue, increasing delinquencies and losses are likely, Fitch Ratings said this morning.»

Up to a third of Troy, Mich. - based Kmart's 1,800 stores — 565 stores to be more precise — are itemized on a new closure list that was making the rounds of last week's ICSC Southeast Conference in Atlanta.