As Sears Holdings continues to struggle, the chain has once again updated is restructuring plan.
The embattled retailer has added 72 more stores to its list of upcoming closures. This is in addition to more than 180 closings that it already an-nounced, according to Business Insider.
It’s closing time for Bebe Stores.
The struggling apparel retailer said on Wednesday, June 7, that it reached agreement with substantially all of its retail store landlords to terminate their existing leases. The cost to terminate the leases is estimated to be approximately $65 million.
Despite 16 consecutive years of positive same-store sales growth among key categories, Casey’s General Stores’ top and bottom line revenues missed the mark in the fourth quarter.
Williams-Sonoma's West Elm division has tapped a company veteran as its new president.
Alex Bellos, head of Williams-Sonoma's Rejuvenation and Mark and Graham brands, is succeeding Jim Brett as president of the West Elm brand. On Tuesday, Brett announced he was resigning from the company to take a position as CEO of J.Crew.
Mall management veteran Jeannette Smith has been named general manager of OKC Outlets, which changed hands last month.
CBL sold the former Outlet Shoppes at Oklahoma City to The Outlet Resource Group and Singerman Real Estate in May for $38 million. The new owners changed the center’s name to OKC Outlets in a RECon show ceremony presided over by Oklahoma City Mayor Mick Cornett.
The vacated Whispering Pines Mobile Home Park in North Attleboro, Massachusetts, will be filled with retail by a local developer building centers large and small along the Rhode Island border.
The still nameless project makes the fifth center that Johnston, Rhode Island-based Carpionato Group has under development in the area. They range in size from 53,000 sq. ft. of GLA at the Shoppes at Mayfaire in Attleboro to 830,000 sq. ft. at the Stonehill Marketplace power center in Johnston.
The public feud between Eddie Lampert, chairman and CEO of Sears, and a top supplier seems to have been resolved.
In his May 15 blog, Lampert took aim at some of the chain’s vendors in a blog post. It read:
