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Pier 1 to close nearly half its stores as bankruptcy rumors persist

Pier 1 Imports on Monday said it intends to shut up to 450 locations, or almost half of its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors.  Pier 1’s losses have been mounting, as its sales decline. And this latest quarter was no exception. Its third-quarter loss widened from a year …

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Destination Maternity approves stalking horse bid; would close all remaining stores 

Get great content like this right in your inbox. Subscribe A brand acquisition and licensing firm has made an offer to buy the brand name, online business and other intellectual assets of Destination Maternity for approximately $50 million.  The bankrupt retailer announced it has made a motion to approve the selection of Marquee Brands  as …

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Christmas tree prices rise as drought and fire hit crops, farms close

Roberto Marques carries a tree as he helps a customer shop for a Christmas tree in Miami, Florida. Joe Raedle | Getty Images It’s the focal point of a magical holiday for many American families: the Christmas tree, adorned with ornaments and bright lights. But for farmers, it’s an agricultural crop that they grow and …

Christmas tree prices rise as drought and fire hit crops, farms closeRead More

Alibaba to close books early for $13.8 billion Hong Kong listing

A logo of Alibaba Group is seen during Alibaba Group’s 11.11 Singles’ Day global shopping festival at the company’s headquarters in Hangzhou, China, November 11, 2019. Aly Song | Reuters Alibaba will close its order books to institutional investors early for its upcoming secondary listing in Hong Kong, a sign that demand for shares is …

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Softcore pornography magazines the Picture and People to close amid sale ban and falling circulation | Media

Australian men’s magazine the Picture and the 69-year-old People magazine will close at the end of the year, ending decades of printed weeklies featuring topless models and readers’ sex stories. Their publisher, Bauer Media, was forced to axe the magazines after retailers lined up to ban them from sale at service stations; and readership fell …

Softcore pornography magazines the Picture and People to close amid sale ban and falling circulation | MediaRead More

Chick-fil-A to close U.K. location

Get great content like this right in your inbox. Subscribe Chick-fil-A’s first foray into an overseas market has been marked by controversy.  The U.S. fast-food giant opened a site at The Oracle shopping center in Reading, England, on Oct. 10. But the shopping center has already said it will not extend the restaurant’s lease, citing …

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Chick-fil-A’s first UK location will close after pressure from LGBTQ rights group

French fries and a fried chicken sandwich are arranged for a photograph at a Chick-fil-A restaurant. Michael Nagle | Bloomberg | Getty Images Chick-fil-A opened its first location in the United Kingdom in early October. A little more than a week later, the British shopping center leasing the location has already said it will not …

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The Kitchen Collection to close all stores

Get great content like this right in your inbox. Subscribe Hamilton Beach Brands Holding Co. is winding down the retail operations of its specialty kitchenware subsidiary.   The maker of household appliances said that it will close all 160 of its Kitchen Collection stores by the end of the year. Sales at the stores, which …

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Report: Macy’s to close landmark Seattle store

Get great content like this right in your inbox. Subscribe Macy’s will reportedly shutter a store it has run at an historic location in downtown Seattle since 2003. According to the Seattle Times, Macy’s is selling a block-sized brick-and-mortar store it operates at 300 Pine Street in downtown Seattle. Macy’s, which purchased the building from …

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