This isn't big news...yet. Sears Holdings is closing 12 underperforming stores - eight of them Kmart units and four of them Sears location. We know, this is an extremely small number in comparison to the 3,800 the company owns across the country. But how long will it take before we see mass closures? Things...
Fresh off of the news about Mervyns' collapse, we're seeing reports out there that Circuit City could close, at worst, hundreds of stores after the holiday season. Most estimates have the electronics retailer at least shutting 150 units. This isn't too big of a surprise. Just last month executives said...
The latest National Retail Federation report on holiday spending says, get this, that holiday sales will experience their lowest increase since 2002. You don't say... Actually, we're surprised that ANY increase is predicted at all, let alone a 1.9% rise over last year. According to its survey, consumers...
It's a good time to be in the liquidation business. Going-out-of-business sales are starting Friday at the remaining 371 Linens 'n Things stores, according to reports. Were you waiting to find the right deal on that comforter or holding out for a good holiday-gift bargain? Hey, now's you're chance! Apparently,...