It looks like Gap Inc. is getting ready to roll out another chain. The company is testing stores for its female athletic brand Athleta in the San Francisco area. Athleta, acquired in 2008, is currently online only. As part of Gap's direct division, sales sales of the brand are increasing rapidly, and...
The New York Post reports that RadioShack could put itself up for sale and one potential buyer could be Best Buy. The reason Best Buy might show interest is because it has tested smaller stores and wants to make bigger waves in the wireless and handheld business, the paper asserts. Other options for...
Starbucks is ready to start opening cafes again after a couple years of cost cutting resulted in the closure of hundreds of locations. During its fiscal year, the company plans to add 100 US stores as well as 200 internationally. Management has high expectations for improved sales growth as the economy...
Saks will close "a few stores" that are underperforming and have expiring leases, according to CEO Stephen Sadove speaking at a recent investor conference. Saks will not be breaking any leases because of the high costs that process involves, he says. Sadove didn't specifically name any stores it will...
GameStop plans to open 400 stores this year on top of the 6,450 it already operates worldwide. That is up from 388 last year, and in 2008, it rolled out 674 locations. Landlords likely love a rapidly expanding retailer, especially during these times. But is there any concern that it could eventually...