We found this article yesterday in the Baltimore Sun interesting. Apparently Sears, the owner of clothier Lands' End since 2002, is stepping up its display of that apparel line by opening large ministores. At one Sears department store, in a Maryland mall, Lands' End already as a 24,000-sf ministore....
Wal-Mart today announced record sales for its fourth quarter, topping $100 billion. According to CEO Lee Scott, this is the first time any retailer has ever done that in a quarter, and we have no reason not to believe him. Earnings came in just under $4.1 billion, a 4% increase over last year. And though...
FALL RIVER, MA-The demise a Quaker Fabric, a textile company here that went bankrupt last year, could breathe new live into some buildings that formerly housed its operations.
Whoa. The retail industry has had a lot of shakeups last week. News of store closures continued. We heard of closing Charming Shoppes stores, Fred's shutting 75 units and Movie Gallery exiting another 400 locations on top of the 520 it was already planning on leaving. None of these come as big surprises,...