Content about Company Reorganization

April 4, 2013
Retail Rap: Boxing Out

Whether you are a retail analyst or a casual observer, it can be all too easy to get lost in the negativity of recent store closings and retail bankruptcies.

October 29, 2012
eBay cuts PayPal jobs as part of restructuring plan

eBay has eliminated approximately 325 jobs from its PayPal division. As a result, the company has announced a planned fourth quarter pretax restructuring charge of approximately $15 million related to staff reductions at the company's PayPal business unit.

October 24, 2012
Best Buy in management shakeup; U.S. unit head to leave

Best Buy announced major changes to its leadership organization.

August 29, 2012
Supervalu realigning management

Supervalu announced that it is restructuring its executive leadership team to ensure alignment around the company’s goals and to better drive and execute the company’s business turnaround.

August 29, 2012
Supervalu realigning management

Supervalu announced that it is restructuring its executive leadership team to ensure alignment around the company’s goals and to better drive and execute the company’s business turnaround.

July 6, 2012
Best Buy cutting 650 Geek Squad jobs

Best Buy Co. is laying off about 650 employees from its Geek Squad division, according to a report by KARE 11.

May 29, 2012
Avenue Stores closing 96 stores as part of restructuring

Avenue Stores announced it has begun the process to close 96 stores over the next three months.

April 16, 2012
All About Strategy

Editor’s Note: Chain Store Age’s 23rd annual survey of Fastest-Growing Managers measures new domestic and international third-party management and leasing contracts obtained during the preceding calendar year (2011).

Now more than ever, retail real estate is not a business to be conducted without forethought. The days of gut instincts and seat-of-the-pants decisions have been replaced by the need to plan far ahead to guarantee a company’s continued growth.

March 8, 2012
Delhaize profit falls 48%; to close 146 stores

Belgian supermarket operator Delhaize Group said that its fourth quarter net profit dropped 48%, hurt by impairments resulting from its restructuring.

March 1, 2012
Kroger swings to loss in Q4

The Kroger Co. reported on Thursday that it posted a loss in the quarter ended Jan. 28, attributing the loss to costs associated with consolidating its pension plan for union workers.

February 24, 2012
J.C. Penney posts Q4 loss of $87 million amid restructuring, revamp charges

J.C. Penney Co. swung to a loss of $87 million in the fourth-quarter, compared with a profit of $271 million in the year-ago period.

February 23, 2012
Sears reports $2.4 billion Q4 loss, will spin off some stores

Sears Holdings Corp. reported a loss of $2.4 billion in the fourth quarter, compared with a profit of $374 million in the year-ago period.

January 5, 2012
Discounters and department stores turn in mixed results for December

The nation’s discounters and department store retailers turned in mixed results for December, with many chains citing unseasonably warm weather that sapped demand for cold-weather merchandise.

November 14, 2011
Lowe's Q3 profit plummets 44% on store-closing charges

Lowe's Cos. reported that net income for the quarter ended Oct. 28 dropped 44% as store-closing charges undercut a slight uptick in quarterly sales.

November 11, 2011
Christopher & Banks to close 100 stores over next three months

Christopher & Banks Corp. announced Friday that it will close about 100 underperforming stores over the next three months, as part of a restructuring plan that also includes format consolidations and workforce reductions.

August 29, 2011
Lowe’s announces store operations and merchandising reorganizations

Lowe’s Cos. is consolidating its store operations and merchandising organizations.

April 27, 2011
Jones Q1 profit down 34% on charges, costs

Jones Group's net income fell 34% in the first quarter, weighed down by higher costs and charges tied to an acquisition.

April 6, 2011
SpendingPulse: Retail growth solid in March

Most retail segments showed solid year-over-year retail growth in March, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales.

March 11, 2011
Family Dollar to eliminate 100 plus jobs

Family Dollar will cut more than 100 jobs as part of a companywide restructuring.

March 2, 2011
BJ’s Q4 earnings fall on store closing cost

BJ's Wholesale Club's fiscal fourth-quarter net income fell 81% on a one-time $41.1 million charge related to store closings, restructuring and asset impairment.

February 16, 2011
Borders files for Chapter 11

Borders Group filed for Chapter 11 bankruptcy on Wednesday.

January 31, 2011
Borders stalls bill-paying to remain liquid

Borders Group Inc. said Sunday that payment of some bills due at the end of January is being delayed to help the book seller "maintain liquidity" while trying to complete a restructuring of its debt.

January 28, 2011
Borders receives refinancing commitment from GE Capital

Borders Group said it has received a commitment from GE Capital, Restructuring Finance to provide a $550 million senior secured credit facility.

January 28, 2011
Mac Naughton named top Walmart merchant

Less than three months after joining Walmart’s merchandising organization as an executive VP, Duncan Mac Naughton on Friday was elevated to the role of chief merchandising officer for the U.S. stores division.

January 24, 2011
J.C. Penney to close stores as part of restructuring; names Ackman to board

J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough.

© 2013