Gap Inc. Chairman and CEO Glenn Murphy yesterday told a New York City investor conference that his company is looking at combining concepts into single stores and reducing store count. The retailer will accomplish this, in some cases, by putting an adult Gap, along with baby, body and kids concepts,...
When we saw that Pier 1 Imports is offering to buy competitor Cost Plus for $81 million, we have to admit that confusion set in. As much as we like the Cost Plus stores (Where else in the suburbs can you pick up Pinot Noir, Sriracha and a fancy chair under one roof?), the timing of this deal seems a...
We remember, not long ago, when Wal-Mart collected more negative headlines than Kobe Bryant hit fade-away jump shots. Towns didn't want the retailer to open a store in its borders. The company treated its employees like dirt. It was destroying the environment. Mom and pop stores were being laid to waste...
BROOKLYN, NY-A memorandum of understanding that ensures affordable housing at the massive site, plus the credit crunch, could influence potential buyers and the price they will pay.