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Strategy

  • L Brands’ March comps sink

    L Brands’ recent exit from swimwear continues to take its toll on the company’s sales.    The specialty retailer, which operates Victoria’s Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, reported its net sales decreased 7% to  $951.4 million for the five weeks ended April 1, 2017. This is compared to net sales of $1.027 billion for the five weeks ended April 2 , 2016.  

  • Report: Eastern Outfitters LLC seeks speedy store closures

    Eastern Outfitters could soon be adding to the surge of store closings among U.S. retailers.   The company won a court order on Thursday, April 6, for an expedited hearing on its plan to shutter 48 of the 86 stores its operates under the Bob's Stores and Eastern Mountain Sports brands, according to Reuters.  

  • Report: Fred’s could receive cash infusion to help purchase Rite Aid stores

    Fred’s plan to purchase at least 865 divested Rite Aid stores may be getting a step closer to becoming a reality.    More than one prominent investor has recently approached Fred’s Pharmacy with the intention of investing money in the operator of 601 locations in 16 states, according to the New York Post.  

  • Former Hhgregg exec to head up operations for sporting goods retailer

    Academy Sports + Outdoors is bolstering its executive team.   The sporting good chain appointed Sam Johnson as its executive VP of retail operations, effective April 24. In his new role, Johnson will oversee the day-to-day operations of Academy's more than 225 stores, as well as lead the store support team.  

  • Stage Stores closes Gordmans deal

    Stage Stores is officially adding Gordmans stores to its portfolio.   Stage Stores closed on its previously announced acquisition of selected assets of Gordmans Stores, the Omaha, Nebraska-based department store chain that filed for Chapter 11 on March 13.   

  • Footwear retailer makes global debut with new flagship in Toronto

    Footaction opened the doors to its newest flagship store — its first outside of the United States.   The store, which is located in the Toronto Eaton Centre in Canada, features 6,500 square-feet of premium retail space. Presenting a unique layout, the new Footaction store is organized largely by brand, rather than by product category — a move that enhances the customer shopping experience.   

  • Luggage e-retailer purchased by iconic travel brand

    eBags is about to embark on a new journey.   The online luggage retailer is being acquired by Samsonite International. The deal, which is valued at $105 million, is part of Samsonite’s ongoing strategy to accelerate the growth of its direct-to-consumer, e-commerce business, and strengthen its existing digital capabilities, the company reported.   

  • Report: Teen specialty retailer could file Chapter 11 as soon as this month

    Rue21 could be the next chain headed toward bankruptcy.   The teen apparel retailer, which is backed by private equity firm Apax Partners, is preparing to file for bankruptcy as soon as this month, according to Bloomberg.    
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