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Tag: closures

Retail Roundup—Barnes & Noble fires CEO; Yet another list of closures for Sears

Walmart cheaper online than Target According to research conducted by Clark Howard, Walmart beats out Target for lower online prices. The data looked at 30 branded items, and the total at Walmart came to just over $588. Target’s total was just over $593, a less than 1% price variance. (Star Tribune) Barnes & Noble fires CEO …

Retail Roundup—Barnes & Noble fires CEO; Yet another list of closures for SearsRead More

Fear of Pizza Express closures as chain faces takeover by bondholders | Business

Pizza Express is set to be taken over by its bondholders, with the possibility of restaurant closures as the high street chain struggles with the loss of revenues during the coronavirus pandemic. The chain’s Chinese owner, Hony Capital, could lose control of the company as part of a debt-for-equity swap. A group of investors in …

Fear of Pizza Express closures as chain faces takeover by bondholders | BusinessRead More

Sharon White proves the need to be radical with John Lewis closures | John Lewis

Department stores have been in decline for years; the rise of online retailing is relentless; and the pandemic is accelerating shopping trends. Even so, John Lewis’s plan to close a supposedly flagship store in the centre of Birmingham – opened as recently as 2015 – was a shocker on another bleak day for retailing jobs. …

Sharon White proves the need to be radical with John Lewis closures | John LewisRead More

Bed Bath & Beyond (BBBY) reports Q1 2020 loss, 200 store closures

A shopper exits a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond said Wednesday its sales tumbled nearly 50% during its latest quarter, even as online sales surged more than 100% during April and May, with consumers stocking up on cleaning supplies and home decor.  …

Bed Bath & Beyond (BBBY) reports Q1 2020 loss, 200 store closuresRead More

Darden Restaurants (DRI) Q4 2020 earnings hurt by coronavirus closures

An Olive Garden restaurant in Times Square in New York. Richard Levine | Corbis | Getty Images Darden Restaurants on Thursday reported that same-store sales were nearly cut in half during the fiscal fourth quarter as dining room closures from the coronavirus pandemic weighed on its revenue. But the Olive Garden parent expects its business to …

Darden Restaurants (DRI) Q4 2020 earnings hurt by coronavirus closuresRead More

US retail store closures to drag into April, likely longer

March 27.  This Friday was the day that many retailers set roughly two weeks ago as the marker for how long they planned to temporarily keep their shops closed. But as the number of COVID-19 cases continues to rise, nothing is opening back up again. Not even close.  For some, this might not come as a …

US retail store closures to drag into April, likely longerRead More

Coronavirus: 20,000 permanent store closures on horizon | News

After having been ordered into temporary closure by prime minister Boris Johnson, a new report from the Centre for Retail Research (CRR) has predicted that 20,620 stores are expected to close permanently this year.  This would represent a 28% rise in store closures compared with 2019.  CRR’s Coronavirus: Lost Lives, Lost Stores and Lost Jobs report also forecasts …

Coronavirus: 20,000 permanent store closures on horizon | NewsRead More

Factory and shop closures ‘will push UK into deep recession’ | Recession

Factory and high street store closures after the coronavirus outbreak will push the UK into a deep recession this year, a study of the economy has concluded. KPMG’s latest quarterly economic outlook found the UK’s national income (GDP) has already stalled as businesses shut their doors and consumers restrict their spending to food and other …

Factory and shop closures ‘will push UK into deep recession’ | RecessionRead More

Retail Roundup—Barnes & Noble fires CEO; Yet another list of closures for Sears

Walmart cheaper online than Target According to research conducted by Clark Howard, Walmart beats out Target for lower online prices. The data looked at 30 branded items, and the total at Walmart came to just over $588. Target’s total was just over $593, a less than 1% price variance. (Star Tribune) Barnes & Noble fires CEO …

Retail Roundup—Barnes & Noble fires CEO; Yet another list of closures for SearsRead More

Marks & Spencer considers temporary store closures | Business

Marks & Spencer is planning for potential temporary store closures and the pub chain owner JD Wetherspoon warned that sales are plummeting as the coronavirus continues to hammer high street businesses. M&S said it is seeing “substantial declines” in its clothing and home business as shoppers stay at home, and it is redeploying a “significant” …

Marks & Spencer considers temporary store closures | BusinessRead More