After years of struggling to bring in customers and turnaround falling sales, Abercrombie & Fitch shuttered 60 U.S. stores and laid off 150 employees at its headquarters in the first few months of 2017. Now the teen-focused retailer has reportedly put a “for sale” sign on itself. [More]
looking for a buyer
Amazon Reportedly Exploring Purchase Of BJ’s Wholesale
By 4.17.17
After decades of being the face of online-only retail, Amazon is increasingly inching into the bricks-and-mortar world: pop-up stores; planned supermarkets without checkouts; a reported interest in buying Whole Foods — and now the possible acquisition of BJ’s Wholesale Club. [More]
Report: Hudson’s Bay In Talks To Buy Neiman Marcus
By 3.14.17
A month after Saks Fifth Avenue and Gilt parent company Hudson’s Bay was reported to be sniffing around Macy’s, the high-end retail giant is now apparently moving on to more luxurious pastures, with news that it is considering a purchase of newly available Neiman Marcus. [More]
Ruby Tuesday Seeking Buyer, Merger Partner After Continued Declining Sales
By 3.14.17
Last summer, Ruby Tuesday revealed plans to close nearly 100 underperforming stores as part of the chain’s “Fresh Start Initiative” that aimed to turn around slumping sales. Those efforts apparently haven’t been as successful as the restaurant brand would have liked, and now it’s looking to sell itself instead. [More]
Report: Sports Authority’s Last Hope To Keep Its Name Alive Backing Away From Deal
By 5.10.16
With fewer than 24 hours to go before Sports Authority’s self-imposed deadline for other companies to bid on its assets and store leases, the only competitor that seemed interested in bidding is reportedly now backing away from the deal.
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