Between lawsuits, investigations and pressure from investors, American Apparel has its fair share of troubles over the past year and a half. But things don’t look to be getting any better for the retailer, as it announced today it doesn’t have enough financing to continue operations for another year. [More]
For much of the past year, American Apparel has been embroiled in a public dispute — and several lawsuits — with founder Dov Charney. It appears that problems for the retailer aren’t just confined to the former CEO’s alleged bad behavior, as the company announced it would undergo a $30 million cost-cutting effort in an attempt to return to its former funky glory. [More]
Just yesterday McDonald’s new CEO Steve Easterbrook claimed that he was in the midst of developing a turnaround plan for the once unstoppable fast food force. However, it appears his ideas on how to reverse sagging sales and criticism of labor practices comes a bit too late for about 700 locations that have already closed or are slated for closing this year. [More]
Just two months ago Frederick’s of Hollywood made plans to shutter one-third of its stores, keeping just 60 locations open. Since then, the company appears to have drastically rethought its “re-engineering” strategy, announcing today that it will close all stores and move to an online-only business model. [More]
Soon a graphic T-shirt-sized hole will appear in the hearts of teenagers across America. That’s because American Eagle Outfitters is gearing up to shut down more than 100 stores. [More]
Are too many office supplies a bad thing? Apparently so for Office Depot and Office Max. As the merger of the two companies gets underway an overlap of stores in the same areas means some stores will be closing their doors. [More]
Consumerist readers know that liquidation sales at big-box stores usually offer nothing but large, rude crowds and crappy deals. An anonymous Ultimate Electronics employee who is also a longtime reader wrote in to offer some tips for shoppers who want to check out the sale. Those tips are really more of a rant about what it’s like to work in a store that’s being liquidated. [More]
Reader Scott went to the closing Circuit City in Oklahoma City and found that there weren’t many deals to be had. He also noticed that Circuit City’s liquidator seems to be having a problem calculating their discounts.
s besieged CEO Dave Edmonson on Friday. The company operates 7,000 stores, all of which need your zip code to sell you batteries.