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Tag: Sears Holdings Corp

Victoria’s Secret, JC Penney among retailers closing stores in 2020

Billy H.C. Kwok | Bloomberg | Getty Images The retail apocalypse hasn’t shown a lot of mercy. Year to date nearly 10,000 stores have announced closures, according to Kevin Cody, senior consultant with CoStar Portfolio Strategy. That’s an all-time high, and its a serious blow to the job market in the retail sector. Since reaching …

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History shows Black Friday helps beaten-up retailers like Home Depot

Target’s earnings on Wednesday crushed estimates, and the stock market rewarded the retailer. But things have not been great for many other retail store brands that recently reported quarterly earnings. Still, a relief rally could be looming for some of the hard-hit retailers like Home Depot, based on a CNBC analysis of recent Black Friday …

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Levi Strauss CEO Chip Bergh on taking big risks with the jeans brand

Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Chip Bergh took over as CEO of Levi Strauss & Co. in 2011 when the “death of denim” was in. Bergh, who had a long career at Procter & Gamble, made the move even though many others …

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Allbirds co-CEO says company plans to open 20 stores next year

Allbirds is planning to continue its brick-and-mortar expansion with 20 stores next year, the company’s co-founder and co-CEO Tim Brown said Monday. “We’ve got nearly 15 stores at the moment — 14 soon to be 15,” Brown said. “We’ll add 20 stores next year. Many of them in the states — we’ve got some overseas …

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Destination Maternity plans bankruptcy that could come within weeks

Destination Maternity store Source: Destination Maternity Destination Maternity, a leading retailer of maternity wear, is planning a bankruptcy filing that could come as soon as the next few weeks, as it deals with better-capitalized competition and an onerous debt load, people familiar with the matter told CNBC. The company is working with advisors at the …

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