Amazon needs to hire thousands more software developers, and that will almost certainly be cheaper and easier in a city other than Seattle.
Toys “R” Us Inc. has retained lawyers from Kirkland & Ellis LLP to help restructure $400 million in debt due next year, a person familiar with the matter said, the latest move by the toy chain as it struggles with growing online competition.
Gap Inc., nodding to changing tastes among its shoppers, said it would close about 200 Banana Republic and Gap stores over the next three years, while opening about 270 Old Navy and Athleta locations.
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Vitamin World Inc., a specialty retailer formerly owned by vitamin manufacturing giant Nature’s Bounty, is planning to file for bankruptcy as early as next week.
Automation commonly creates more, and better-paying, jobs than it destroys. In U.S. retailing, rising e-commerce employment at such companies as Amazon more than compensates for the swoon in brick-and-mortar stores.
The nearly 50-year-old label known for its midprice signature underwear and jeans sold at Macy’s and Lord & Taylor is working hard to win over the Barneys shopper too.
Packaged-food companies have been struggling with declining sales as shoppers shift from older brands to options perceived as healthier. Now retailers are adding to the companies’ woes.
Throngs of people came out searching for groceries, gasoline and other supplies, and jamming streets with traffic even as roads were still closed due to flooding.
Property owners and retailers say lower tax bills, which are a large part of operating costs, will help keep them in business as retail sales and occupancy rates fall in may parts of the country.
Amazon slashed the sticker price on more than 100 items at Whole Foods, many by more than 30%, a departure from the online retailer’s usual strategy of waiting to see what others charge, then matching or narrowly undercutting them.
Amazon.com will bring lower prices to its new Whole Foods division on Monday. It also will bring a new rule book, further pressuring an already struggling supermarket sector.
Mall-based retailer chain Perfumania Holdings has sought chapter 11 protection with plans to reorganize around its better-performing stores.
Sears Holdings’ brick-and-mortar stores continued to lose ground in a tough retail environment, with same-store sales down by double-digits and overall revenue sinking 23% in the latest quarter.
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Women’s apparel retailer Destination Maternity has hired a consulting and advisory firm to assess its options in the troubled retail environment, according to people familiar with the matter.
Values for U.S. retail properties generally fell even as they rose for industrial properties in the first half of 2017, according to a new survey, as the growth of online shopping reshapes commercial real estate markets.