Beatrice Lafon, the CEO of teen accessories retailer Claire's Stores, has resigned and been replaced by a current member of the board, according to a Securities and Exchange Commission filing.
The employees who once greeted shoppers with a friendly “Welcome to Walmart” are making a comeback.
In a move rumored for weeks, Aéropostale on Wednesday filed for Chapter 11 bankruptcy protection.
Online sales and returns are taking toll on retailers’ bottom lines.
Millennials have become a bigger part of the retail customer demographic with the group expected to have more spending power than any other generation by 2017.