After 126 years in business as an iconic American retailer, Sears Holdings has reportedly turned down a bid by Chairman Eddie Lampert to help it stay open. But Lampert’s hedge fund, ESL Investments, reportedly wants to challenge the decision per unnamed sources with knowledge of the situation, CNBC reported. The hedge...
Henri Bendel is shutting down after more than 100 years in business. L Brands announced it will close all 23 Henri Bendel stores, including its famous Fifth Avenue location in Manhattan, as well as its website, after the holidays. The company plans to focus on its...
JLL found that mall rents in Q2 dropped 4.6 percent from the first quarter and 7.1 percent from one year prior. But, in terms of bringing in tenants, some malls fared better than others, Chain Store Age reported. “[Malls] with strong locations were able to...
January 14, 2019
To find ways to reduce costs and optimize its business, Chico’s FAS plans to study its operations and cut back on its store footprint. The retailer, which has more than 1,400 stores in the U.S. as well as Canada, is looking to shutter 250 stores at a minimum in the United States, Chain Store Age […]
January 08, 2019
After 126 years in business as an iconic American retailer, Sears Holdings has reportedly turned down a bid by Chairman Eddie Lampert to help it stay open. But Lampert’s hedge fund, ESL Investments, reportedly...
September 14, 2018
JLL found that mall rents in Q2 dropped 4.6 percent from the first quarter and 7.1 percent from one year prior. But, in terms of bringing in tenants, some malls...
