retailers

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The Container Store Files for Bankruptcy

Storage goods chain has been struggling to raise cash

(Newser) - The Container Store, a storage and organization goods retailer, has applied for bankruptcy protection while it reorganizes its finances. The Texas company is grappling with mounting losses and cash flow shortages, the AP reports. The chain has faced increasing competition from retailers like Target and Walmart at the same time...

Say Goody-Bye to Sam Goody
Say Goody-Bye to Sam Goody
Dec 18, 2024 3:00 PM CST

Say Goody-Bye to Sam Goody

Last 2 Sam Goody locations in US to close in 2025

(Newser) - There are exactly two remaining Sam Goody stores in the US. But soon, there will be none. The music and entertainment retailer will close its remaining brick-and-mortar stores at the Ohio Valley Mall in St. Clairsville, Ohio, and the Rogue Valley Mall in Medford, Oregon, in the new year, according...

'Not the Old Black Friday That We Used to Know'

Retailers tried to entice shoppers with sales, but energy level doesn't seem the same as in years past

(Newser) - Retailers used giveaways and big discounts to reward US shoppers who ventured out for Black Friday, even as earlier offers, the prospect of better bargains in the days ahead, and the ease of e-commerce drained much of the excitement from the holiday shopping season's much-hyped kickoff. Frequent deals throughout...

As Stores Lock Down Products, Shoppers Head to Amazon

Customer frustration with locked-up cases may driving a rise in online sales of 'essentials'

(Newser) - Big-box stores like Walmart and Target are keeping a growing range of items locked up in plexiglass cases, but it might be costing them more in business than they would have lost to sticky fingers if their goods were more accessible. Francisco Velasquez at Quartz says sales figures strongly suggest...

Big Discount Retailer Files for Bankruptcy
Big Lots Files for Bankruptcy
Sep 9, 2024 10:40 AM CDT

Big Lots Files for Bankruptcy

Discount retailer has been struggling as consumers have been spending less

(Newser) - Discount retailer Big Lots filed for bankruptcy on Monday, unable to turn around a long losing stretch. The plan laid out in its Chapter 11 filing is to sell to Nexus Capital Management, reports CNN . No new store closings were announced, but the chain already was in the process of...

Aldi Has Big Plans Across the US
Aldi Has Big Plans
Across the US
Sep 9, 2024 8:36 AM CDT

Aldi Has Big Plans Across the US

Grocery chain says it's hiring 13K workers, adding 800 stores throughout US

(Newser) - Currently, Aldi employs nearly 50,000 people across the US, with almost 2,400 stores under its belt. Both those numbers are about to get a boost, per Quartz , which reports that the grocery chain is set to pump more than $9 billion to open 800 new stores over the...

Costco Is Cracking Down on Card Sharing
Costco: No More
Sharing Your Card
Aug 8, 2024 11:12 AM CDT

Costco: No More Sharing Your Card

Warehouse club to make people scan membership cards before entering, to cut down on card sharing

(Newser) - Costco is sick of memberships being shared around. And like Netflix , it's taking action. Soon, Costco members will be required to scan their membership cards before entering all stores, while guests will only be permitted inside with a valid member, Axios reports. "If someone tries to enter a...

Tractor Supply Dumps DEI Efforts After Right-Wing Campaign

Rural retailer nixes DEI roles and cancels Pride events, voter drives, carbon emissions goals

(Newser) - Just last month, Hal Lawton, president and CEO of Tractor Supply, boasted about the company's "very consistent" approach to DEI (diversity, equity, inclusion) and environmental efforts, noting that, despite conservative backlash against similar initiatives elsewhere, "We haven't walked away from anything." Now, a "stunning...

Walgreens Is Closing a 'Significant' Number of Stores

'We are at a point where the current pharmacy model is not sustainable'

(Newser) - Walgreens' stock plunged more than 20% in trading Thursday morning after the company reported disappointing earnings and slashed its profit outlook. The drugstore chain said it plans to cut a "significant" number of its more than 8,600 stores in the US, CNN reports. Walgreens has already closed more...

Dollar Tree Wants to End Its 'Disastrous Merger'

Company announces it would like to sell or spin off Family Dollar chain

(Newser) - Dollar Tree is seeking to put an end to what CNN calls its "disastrous merger" with Family Dollar. The parent company on Wednesday announced it's looking into selling or spinning off Family Dollar, which it bought for $8.5 billion in 2015. The thinking at the time was...

Bruce Nordstrom, of Eponymous Store Chain, Dies at 90
Nordstrom
Scion Dies
at 90
OBITUARY
May 20, 2024 11:26 AM CDT

Nordstrom Scion Dies at 90

Bruce Nordstrom helped transform his family's business into an upscale nationwide chain

(Newser) - Bruce Nordstrom, a retail executive who helped expand his family's Pacific Northwest department store chain into an upscale national brand, has died. Seattle-based Nordstrom Inc. said its former chairman died at his home on Saturday. He was 90, reports the AP . "Our dad leaves a powerful legacy as...

That Costco Hot Dog Might Cost You a Membership Fee

It appears the warehouse retailer may be cracking down on nonmembers using its food court

(Newser) - If popping over to your local Costco for a $1.50 hot dog and soda combo or $1.99 pizza slice is part of your affordable-lunch routine, you may need a membership soon for that. "There are some signs—literally—the laxity is coming to an end," USA ...

Even Retailers Are Fed Up With Self-Checkout

Automated kiosks double theft rates, among other issues

(Newser) - Self-checkout machines aren't only annoying customers, Quartz reports, as a growing number of large retailers have begun rethinking the costly tech. Last year, companies like Target, Walmart, Dollar General, and British grocer Booths have pared down (and in some cases eliminated) how the automated systems work in their chains,...

People Wait Years for This Wine Sold at Costco

There's a (very) limited supply now of Screaming Eagle's cab sav, but be prepared to pay thousands

(Newser) - A hint of something special at Costco arrived earlier this month on Reddit , when one user posted a picture of a row of wine bottles, one with an eye-popping price tag of $3,699.99. "Had to make sure I was seeing correctly," the person wrote in the...

Zara Said Ads Had 'Artistic Context.' Critics Disagreed

Detractors says ads with shrouded mannequins resemble dead Palestinians in Gaza

(Newser) - Retail clothing chain Zara says it has pulled images from an ad campaign featuring statues wrapped in white coverings after some said they resembled the shrouded bodies of murdered Palestinians. Users left tens of thousands of comments on the Spanish brand's Instagram page criticizing the images, while calls to...

Online Shoppers, Today Is Your Big Day

With Black Friday, it's on to Cyber Monday, wrapping up 5-day Cyber Week for holiday shopping

(Newser) - Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday. Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday—a term coined back in 2005 by...

Retailers Boost Discounts to Lure Hesitant Shoppers

Economic uncertainty is affecting spending habits on Black Friday

(Newser) - Stores stepped up discounts and other enticements on Black Friday to entice shoppers holding out for the best deals. But retailers worry those may not be enough, per the AP . Consumers are coming under pressure as their savings dwindle and credit card debt grows. And although they've gotten some...

Retailers Steel for What May Be a Holiday Mixed Bag

Consumers seem set to spend on Black Friday, but how much, how long after that remains a question

(Newser) - The holiday season is a critical one for many US retailers, and with Black Friday just two days away, it appears consumers are gearing up for a shopping spree: According to the National Retail Federation, about 182 million people are expected to open their wallets online and at brick-and-mortar stores...

Bed Bath & Beyond Workers Report New 'Punch in the Gut'

First stores closed; now employees say they're being denied severance they thought they'd get

(Newser) - Back in mid-March, a report emerged that Bed Bath & Beyond—which is closing most of its stores and trying to avoid filing for bankruptcy protection —wasn't planning on paying out severance to laid-off workers, even though it had done so during past layoffs. The news came via...

This Retailer Is Bucking Black Friday for Good

REI says its #OptOutside policy will become permanent starting this year

(Newser) - The shift against Black Friday is continuing, with REI announcing it will be store policy to close its doors on the day after Thanksgiving. The Seattle-based outdoor goods retailer has remained closed on Black Friday each year since 2015 as part of its #OptOutside movement, per CBS News . "But...

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