The news: It’s official: stimulus checks have been spent and it’s back to zero, or less than zero, for America’s retailers and their impecunious customers. That $150 billion in government checks stanched the bleeding in May and June, but July retail sales show that shoppers are now holding on to what cash they have. “They’re spent out and this is causing a problem...
Retail Industry Archive
August 2008
If you’re like me, you are not exactly breathing a sigh of relief at yesterday’s news that the 11 people charged with stealing 41 million credit card numbers from major retailers did so by driving around with a laptop looking for wireless connections. It was just that easy to invade the computer systems of nine national retailers: TJX (T.J. Maxx and Marshalls), Office Max, Barnes...
Bay Harbour Management has offered $163 million in a stalking horse bid for leases and inventory of 125 Steve & Barry’s stores. The Long Island discount clothing chain filed for Chapter 11 bankruptcy reorganization July 9. Retail expert Howard Davidowitz told Newsday the offer is “a steal.” Before you ask, a stalking horse bid is the lead or opening bid in a bankruptcy...
Family-owned Boscov’s Department Stores became the latest retailer to seek bankruptcy protection, filing for Chapter 11 reorganization on Monday. The move had been widely anticipated, as vendors and factoring companies holding unpaid bills halted merchandise shipments to Boscov’s. Boscov’s will lay off 1,400 employees and immediately close 10 stores, the company said. Seven of...
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- Target Talks Cheap as Black Friday Battle Beckons
- Sears Face(book)s Black Friday
- Target Pumping Up Its Image with the Right Food
- Costco Challenges Coke and the Stakes Could Be High
- When Walmart Comes to Town, Other Retailers Self Destruct
- Blackhawk Part Two: Gift Cards Replace Banks as Consumers Get Creative
- Target Is Missing a Big Opportunity to Open More Urban Stores
- Blackhawk Helping Supermarkets Grab a Chunk of Everyone's Gift Card Business
- The New Normal Won't Emerge as a Walmart World
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- Macy's Holiday Prospects May Be Good But Long-Term Chances Murkier
- Supermarkets Adding Bars So Gourmet Consumers Will Entertain Thoughts of Shopping
- CVS Retail Operations Power Forward
- Timing Is Right for Rue21's IPO, if it Doesn't Overexpand
- TheFind.com Give Bargain Hunters More Options Online
- Costco Challenges Coke and the Stakes Could Be High
- Wal-Mart, Target and Costco Shine as Private Labels Challenge National Brands
- Walmart Garanimals Expansion Signals Gentler Approach to Holidays
- Booksellers Take On Walmart, Target, Amazon Over Discounts -- But It's Just Business as Usual
- Pizza and Cupcakes Keep 'em Coming to 7-Eleven as Cigarette Business Slides
- Gap Stands Behind Flailing Banana Republic
- Prediction Calls for Happy Black Friday
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- P&G Retail Push Makes Sense, Risks Aside
- Walmart Readies Smaller Stores for Smarter Growth
- Duckwall-ALCO Rights Itself Amidst Recession
- Giant Supermarkets Seek Advantage of Small Stores
- Neil Cole Steps Out From Brother Kenneth's Shadow With Iconix -- Or Does He?
- Costco Sees Key Product Categories Turn Positive in September
- Target Fashions a Comeback from Recession with Carlos Falchi, Jean Paul Gaultier
- Kmart Rejuvenates Jaclyn Smith So Shoppers Forget Martha Stewart
Industry Transcripts by Seeking Alpha
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