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FINANCE

  • Report: Footwear chain eyes Chapter 11, shutters stores
    Payless could be the newest retailer headed toward bankruptcy.   The struggling retailer could file for bankruptcy as soon as next week. In the meantime, Payless is already making plans to reorganize operations by shuttering stores, according to Bloomberg.   

  • NRF: A late Easter could spur record spending
    With Easter being almost a month later than last year, Americans are on track to spend more than ever, according to the National Retail Federation.  

  • Young women’s apparel chain exploring options
    Industry experts are predicting that Bebe stores will be the next apparel retailer to declare Chapter 11.   The fashion retailer on Thursday said it had retained B. Riley & Co.as financial advisor, and has also has hired a real estate advisor to “assist with options related to its lease holdings."  

  • Real estate experts: Still business as usual at Sears
    Despite dire statements made on a recent SEC filing, Sears and Kmart stores will remain as fixtures on the retail landscape for some time to come, according to retail real estate experts contacted by Chain Store Age.   “The news was not news,” said REIT analyst Alexander Goldfarb of Sandler O’Neill + Partners about a Sears filing that questioned its own future as a “going concern.”  

  • Commentary: Shopping center owner ahead on the curve on Sears
    Sears Holdings Corp.’s acknowledgement in a filing on Tuesday that the retailer had “serious doubt” about its future came as no big surprise to the retail industry, including Joseph Coradino, chairman and CEO of PREIT, a publicly traded real estate investment trust that owns and manages 23 million square feet of retail and lifestyle space.   

  • Sears issues dire warning about its ability to survive
    The fat lady is singing at Sears Holdings Corp.   The long-struggling retailer said on Tuesday that there was “substantial doubt” that it could stay in business.   

  • ‘Hold on a minute,’ says Sears
    Sears Holding Corp. tried to walk back the uproar it caused early Tuesday morning when the struggling retailer included cautionary language about whether it would be able to continue as a "going concern” in its annual 10-K filing.   

  • Apparel and accessories retailer Q4 sales, profit top Street
    A move to a more fast-fashion model helped Francesca’s to outperform many of its peers in the fourth quarter, with sales and income that topped expectations.       The retailer reported better-than-expected profit of $14.6 million, or 39 cents a share, for the quarter ended January 28, compared to $14.7 million profit, or 35 cents a share, in the year ago period.  
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