Walmart names new chief merchant, other C-suite changesWalmart is making some changes to its leadership team. Tailored Brands sells rights to Joseph Abboud; designer to exitTailored Brands is selling the Joseph Abboud trademarks to a brand acquisition firm for $115 million. Kirkland’s looks to ‘right size’ store base; makes exec changes Kirkland’s is closing some stores as part of a larger streamlining effort to transform its business to a more profitable model. Gap not spinning off Old Navy; exec departs Gap Inc. will remain whole. Tropical Smoothie Cafe looks to add 670 locations in next five years Tropical Smoothie Café had record growth in 2019 and it’s nowhere near being finished. Bose in big store closing move; cites ‘dramatic’ shift online High-end audio equipment maker Bose plans to dramatically reduce its brick-and-mortar footprint. NRF: Holiday retail sales up 4.1% Holiday sales came in on the higher end of estimates by the National Retail Federation, but not all retail sectors shared in the good news. Starbucks to open 100 stores in underserved communities by 2025 Starbucks Corp. is expanding its commitment to operating stores in underserved urban and rural areas. Sportsman's Warehouse grows store footprint Sportsman's Warehouse Holdings is expanding into a new market. Payless ShoeSource exits bankruptcy; hints at U.S. comeback Payless ShoeSource has emerged from bankruptcy protection with a plan to expand its global operations. Moody’s: Operating income of department stores in 2019 to be down about 20% Another dismal year for U.S. department stores will accelerate change in 2020. Sears legal dispute ends in $18 million settlement The current and former owner of Sears have settled a lawsuit that has been dragging on for months. First Previous 414 415 416 417 418 Next Last
