Today we have the announcement of yet another round of store closures. This time it is 150 stores by Charming Shoppes, the owner of the Fashion Bug, Lane Bryant and Catherines Plus Size chains. Charming Shoppes has had rough sales results lately, with all of its chains posting year over year comparable-sales...
Ann Taylor's announcement yesterday that the company is closing 117 stores doesn't surprise us. The retailer's same-store sales declined 9.4% in December year over year, after a third-quarter drop of 0.4%. Plus, peers like Talbots are also cutting back. The retailer is closing 39 Ann Taylor stores through...
Sears Holdings Corp. made big news yesterday, with management announcing that CEO Aylwin Lewis is leaving the company early next month. Lewis' interim replacement is W. Bruce Johnson, executive vice president of supply chain and operations. The move comes just a few days after a company announcement...