There were a flurry of reports last week that Steve & Barry's is close to filing for bankruptcy and/or closing 100 of its 275 stores. Few retailers have garnered more publicity over the last couple of years than the chain, which sells mostly sports apparel at prices less than $10. Steve & Barry's...
Now that Blockbuster is no longer interested in acquiring Circuit City, what is next for the electronics chain? Blockbuster and its major shareholder Carl Icahn backed out of their $1-billion-plus offer after Circuit City opened its books for the suitors. Apparently, they didn't like what they saw. A...
In New York we like to joke about how, at some street corners in Manhattan, the storefronts of three different Starbucks are visible. Granted, whenever we walk by a Starbucks here they are usually packed, with long lines and rarely any seating for those who might want to have a meeting or get some other...
Whoa! People are talking about holiday sales already?!?! Economists are apparently worried about how retailers will perform this holiday season, which is about as surprising to us as hot weather in Phoenix. "The holiday season will be bad - if not worse than the last year," says Bernard Baumohl, managing...
Well, it looks like a few of Counter Culture's readers are breathing a sigh of relief. Pier 1 Imports has decided not to pursue its $81-million offer to acquire Cost Plus World Market just a couple weeks after the latter's management called the deal "distracting and ill-timed." But in Pier 1's press...