In 2024, shoppers and diners in the U. S. were more careful with their money. High housing and food prices made people choosy about where they spent. Wealthy folks, for instance, started shopping at stores like Walmart and Aldi instead of pricier places. Eating out? People opted for fast food or coo
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
It’s been over two years since Bed, Bath & Beyond decided to close its doors in Joliet as part of a large-scale reduction. Now, the city is seeing a silver lining in this change. The once-empty Bed, Bath & Beyond store at 2850 Plainfield Road is currently being revamped. Guess who’s moving in? Burli
We've all heard about big-name stores struggling, and now, The Container Store is the latest to face challenges. The 46-year-old retailer filed for bankruptcy to improve its financials, kickstart growth, and boost long-term profits. It owes around $230 million but has only $11. 8 million in cash. Fo
Nordstrom, a century-old department store, is about to be taken private by the Nordstrom family and a Mexican retail group. This $6. 25 billion deal is a significant move in a tough retail landscape dominated by discount chains and online giants like Amazon. The family behind the brand believes that
For decades, Party City has been the go-to place for party supplies, from Halloween costumes to birthday favors. But recently, the retailer announced it's shutting down nearly 700 stores nationwide. The company filed for Chapter 11 bankruptcy for the second time in two years, blaming tough economic
Nike's boss, Elliott Hill, recently admitted that the sports giant has lost its focus on sports, much to the surprise of investors. After a brief surge in shares, the company's stock took a nosedive when Hill forecasted a double-digit drop in revenue for the coming quarter. Hill, who took over in Oc
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 esta
As the holidays approach, shopping centers across North Texas are pulling out all the stops to lure in shoppers. This year, expect a mix of classic and unique attractions designed to make your holiday shopping experience more than just a trip to the mall. Let's dive into what each center has planned
Still hunting for Christmas gifts? Don't worry, there's still time! Retailers like Nordstrom and Amazon are packed with last-minute gift ideas inspired by celebrities. Let's dive into some trendy options that'll arrive before Christmas Eve. Nordstrom has some cool Ugg shoes that stars like Kristen
