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Why employers hate the day after the Super Bowl
News 2 weeks ago
Why employers hate the day after the Super Bowl

If you’re hoping for a quiet day at the office, with few people around to interrupt you, then Monday should be perfect. Absentee rates generally...

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NYC is the most financially distressed city in the nation
News 3 weeks ago
NYC is the most financially distressed city in the nation

New York City is officially the most financially distressed metropolis in America, according to local debt counselors and financial analysts. The...

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MGM Resorts considers alternatives outside of merger with Caesars
News 3 weeks ago
MGM Resorts considers alternatives outside of merger with Caesars

MGM Resorts announced Thursday that it is considering options for its real estate portfolio that sources say will not include merging it with...

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Former Toys ‘R’ Us execs planning potential comeback
News 3 weeks ago
Former Toys ‘R’ Us execs planning potential comeback

A bid to bring Toys ‘R’ Us back from the dead is stirring again. Former executives at the bankrupt toy chain — which liquidated all of its US...

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Creditors challenge Lampert’s winning bid for Sears
News 1 month ago
Creditors challenge Lampert’s winning bid for Sears

A group of Sears creditors are challenging Chairman Eddie Lampert’s hedge fund’s winning $5.2 billion bid to buy the business in a bankruptcy...

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Clothing retailer Gymboree files for bankruptcy for second time
News 1 month ago
Clothing retailer Gymboree files for bankruptcy for second time

Children’s clothing retailer Gymboree Group filed for Chapter 11 bankruptcy protection, the second time in almost two years, and said on Wednesday...

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Sears to remain open after Eddie Lampert’s  $5.2B bid prevails in bankruptcy auction
News 1 month ago
Sears to remain open after Eddie Lampert’s $5.2B bid prevails in bankruptcy auction

Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U. S. department store chain with an improved takeover bid of...

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Sears to ask bankruptcy judge to liquidate
News 1 month ago
Sears to ask bankruptcy judge to liquidate

Sears Holdings Corp will ask a bankruptcy judge on Tuesday if it can proceed with liquidation after it could not reach an agreement on Chairman...

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Ex-Toys ‘R’ Us staffers start receiving checks from hardship fund
News 1 month ago
Ex-Toys ‘R’ Us staffers start receiving checks from hardship fund

Santa Claus has finally begun to make his rounds for ex-Toys ‘R’ Us employees. Former staffers who lost their jobs when the toy chain liquidated...

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Lord & Taylor flagship store locks its doors forever
News 1 month ago
Lord & Taylor flagship store locks its doors forever

After 104 years, Lord & Taylor’s flagship store on Fifth Avenue locked its doors forever. The venerable department store famed for its animated...

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How Eddie Lampert plans to save Sears — or sell its real estate assets
News 1 month ago
How Eddie Lampert plans to save Sears — or sell its real estate assets

Eddie Lampert has it all covered. The billionaire chairman of Sears is simultaneously offering to buy the company and keep it operating as a 425...

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The exodus of New York City’s endangered middle class
News 1 month ago
The exodus of New York City’s endangered middle class

New York City’s shrinking middle class is now in full retreat, as masses of our most endangered population depart the city in numbers not seen...

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Toys for Tots takes massive hits after Toys ‘R’ Us closure
News 1 month ago
Toys for Tots takes massive hits after Toys ‘R’ Us closure

HIALEAH, Fla. — When Toys R Us closed, Toys for Tots felt the loss. The toy giant’s decision to shutter its stores this year left some huge holes...

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Americans are turning to dollar stores for their holiday shopping
News 1 month ago
Americans are turning to dollar stores for their holiday shopping

Many Americans are looking to stretch the buck this holiday season by visiting dollar stores. A growing number of consumers — including the more...

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Sears will spend $443M to close down 142 stores
News 2 months ago
Sears will spend $443M to close down 142 stores

It will cost Sears $443 million to close 142 stores permanently, the bankrupt department store said in a regulatory filing Tuesday. The 125-year...

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National retail chains closing at a rapid rate in NYC
News 2 months ago
National retail chains closing at a rapid rate in NYC

Big retail is beating a retreat in the Big Apple. For the first time in 11 years, national retail chains are closing more stores in New York City...

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Saks Fifth Avenue closing women’s store in downtown Manhattan
News 2 months ago
Saks Fifth Avenue closing women’s store in downtown Manhattan

Saks Fifth Avenue’s women’s store in lower Manhattan will shutter on Jan. 5 just two years after opening its doors, the company said. The swanky...

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Amazon Go mini food store opens in Seattle
News 2 months ago
Amazon Go mini food store opens in Seattle

Amazon on Wednesday opened a compact version of its cashier-less Amazon Go food stores, broadening its footprint in the bricks-and-mortar world in...

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Lord & Taylor flagship’s final days bring cheap dresses and sad shoppers
News 2 months ago
Lord & Taylor flagship’s final days bring cheap dresses and sad shoppers

This isn’t your mom’s Lord & Taylor. But it sure looks like a good deal. Bargain hunters are swarming to the upscale department store chain’s Fifth...

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Amazon Go mulls putting checkout-free stores in airports
News 2 months ago
Amazon Go mulls putting checkout-free stores in airports

Amazon is looking at bringing its futuristic checkout-free store format to airports in an effort to win business from hungry, time-pressed...

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Walgreens is rolling out prescription delivery program nationwide
News 2 months ago
Walgreens is rolling out prescription delivery program nationwide

Walgreens is joining rival drugstore chain CVS Health in expanding home deliveries for prescriptions nationwide, as stores continue adjusting to a...

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Liberty Media angling to snag post-bankruptcy iHeartMedia
News 2 months ago
Liberty Media angling to snag post-bankruptcy iHeartMedia

Radio giant iHeartMedia just took a major step toward emerging from bankruptcy — and falling into the clutches of John Malone. The Denver-based...

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Amazon has brief turn as Wall Street’s most valuable company
News 2 months ago
Amazon has brief turn as Wall Street’s most valuable company

Amazon briefly became the world’s most valuable company, days after Microsoft had ended Apple’s longtime stint at the top. Shares of the Seattle...

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Ted Baker employees rise up against CEO’s ‘forced hugging’
News 2 months ago
Ted Baker employees rise up against CEO’s ‘forced hugging’

Employees at UK fashion label Ted Baker have launched a petition to end “forced hugging” and other alleged sleazy behavior by its longtime founder...

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Ohio town that stopped GM from leaving once before vows to do it again
News 2 months ago
Ohio town that stopped GM from leaving once before vows to do it again

WARREN, Ohio — For Jim Graham, it seems like just yesterday he helped halt the closure of the Lordstown Assembly plant. It was 1998 and the General...

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Apple heads to Supreme Court over App Store antitrust case
News 2 months ago
Apple heads to Supreme Court over App Store antitrust case

WASHINGTON — Apple is at the Supreme Court to defend the way it sells apps for iPhones against claims by consumers that the company has unfairly...

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Strong economy drives holiday spending boom in NYC
News 2 months ago
Strong economy drives holiday spending boom in NYC

New York City is at the epicenter of a blockbuster holiday spending boom as the ripple effects of massive, multimillion-dollar Wall Street bonuses,...

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Online surge marks start of solid Thanksgiving sales
News 2 months ago
Online surge marks start of solid Thanksgiving sales

Shoppers hit department stores on Thanksgiving evening and spent $1.75 billion online by 5 p.m. ET as a strong economy and rising wages drove a...

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Ikea to cut 7,500 jobs in shift toward e-commerce
News 2 months ago
Ikea to cut 7,500 jobs in shift toward e-commerce

Swedish home furnishings giant Ikea said the biggest retailer within its franchise system is cutting 7,500 jobs worldwide as it expands its online...

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David’s Bridal files for bankruptcy
News 3 months ago
David’s Bridal files for bankruptcy

Wedding dress retailer David’s Bridal filed for Chapter 11 bankruptcy protection on Monday, but said brides would receive their gowns on time...

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