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dd's Discounts to open new store in Phoenix
Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc. will open a new store in Arizona, on Sept. 27. The store is located in the Squaw Peak Plaza in Phoenix.
Including this new location, dd’s Discounts operates approximately 150 locations in 13 states and is on schedule to complete its expansion plan to open approximately 20 locations in 2014. -
Report: Sears needs $4 billion to avoid 2016 collapse
Hoffman Estates, Ill. – A $400 million loan Eddie Lampert, the CEO and largest shareholder of Sears Holdings Corp., is making to Sears this month reportedly is only enough to last the struggling retailer for three months. According to Bloomberg, global ratings agency Fitch Ratings is projecting that Sears will need $4 billion in capital to avoid running out of cash altogether in 2016.