Saks Off 5th, a popular clothing store, is saying goodbye to Connecticut. The store, which opened in 2018 at Corbin's Corner near Westfarms Mall, will be closing its doors in January. This news comes from reports by Yahoo Finance and WWD. The decision to close the store is part of a bigger plan. Saks Off 5th is looking at all its stores. They are checking things lik...
Michael Fiddelke is set to take the reins at Target, stepping into the CEO role in February. This move comes after a long journey within the company, starting as a humble intern over two decades ago. Before joining Target, Fiddelke spent time at Deloitte and earned his MBA from Northwestern University's Kellogg School of Management. Fiddelke's career at Target has b...
The retail world is feeling a bit more at ease after the latest tariff news. President Trump's recent announcement about Vietnam tariffs has sparked mixed reactions. The new 20% tariff rate is better than the initially proposed 46%, but it's still not great for business. Some executives see it as a step back, worrying it might slow down consumer spending. The uncert...
Kohl's, a well-known retail chain, has recently gone through a significant change. The company's board decided to fire its CEO, Ashley Buchanan. This decision came after an investigation found that Buchanan had been involved in some questionable business deals. Specifically, he had directed the company to work with a vendor that he had a personal connection with. Thi...
The fast-fashion giant Forever 21 is shutting down its U. S. operations. This is not the first time the company has faced financial trouble. It filed for bankruptcy protection in 2019. Now, it's doing it again. This time, the plan is to close all U. S. stores. The company is also considering selling some or all of its assets. This move comes as shopping malls see les...
The fast-fashion brand Forever 21 is facing tough times once again. This time, the company's U. S. operations have filed for bankruptcy protection. This is the second time in recent years that the brand has had to take this step. The fashion industry is a tough place, and Forever 21 is feeling the heat from all sides. The company has been around since the 1980s, att...
Joann Fabrics, a well-known name in the crafting world, is shutting down all of its stores across the country. This news comes after a series of events that have led to the company's downfall. The company had already planned to close 500 stores and keep 300 open just last month. This decision came after they filed for bankruptcy in January, which was the sec...
Some big news for shoppers in South Florida: a few Macy’s stores and Furniture Galleries are packing up and saying goodbye. Macy’s recently announced their plan to close around 150 stores across the country that aren’t performing well. In South Florida, this means a handful of stores are on the chopping block, like the Macy’s at the Boynton Beach Mall, and furniture ...
Big Lots, a well-known retail chain, is shaking things up after filing for bankruptcy last September. They're selling their stores and distribution centers to save jobs and keep their brand alive. The buyers? Gordon Brothers Retail Partners, who'll pass on Big Lots' assets to companies like Variety Wholesalers. Variety Wholesalers, which owns stores like Super 10 and...
Macy’s might be in a pickle, but some investors think there's gold in them thar hills – or rather, in their real estate. Activist investment firm Barington Capital and private equity firm Thor Equities have a wild idea: shut down Macy's shops and sell everything off, including their prized real estate. They believe Macy’s real estate, such as the famous Herald Square...