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- Retail Roundup: Circuit City Files for Bankruptcy Protection, Gifts Cards Fly Off Shelves, and More
- Circuit City files for bankruptcy protection -- After 59 years in business, retail giant Circuit City filed for Chapter 11 bankruptcy protection when the chain's suppliers cut off credit and demanded up-front cash for shipments. Sales at the chain's 1,500 locations have been declining for months, and the company owes...
- Blog posts 2008-11-10
- Retail Roundup: Lenox Files for Bankruptcy Protection, 7-Eleven and J.C. Penney Team-up, More
- Lenox files for bankruptcy protection --- Lenox Group Inc. joined the growing number of businesses falling victim to the sour economy recently: The Minnesota-based company, famed for its Lenox tableware and Department 56 collectibles, filed for Chapter 11 bankruptcy protection earlier this week. The company seeks court approval for $85...
- Blog posts 2008-11-25
- Retail Roundup: Goody's, Gottschalks Seek Bankruptcy Protection, More
- Goody's, Gottschalks seek bankruptcy protection -- Apparel-retailer Goody's LLC and department-store-owner Gottschalks Inc. are seeking bankruptcy protection after sales continued to droop over the holidays. Gottschalks is looking for a buyer, while Goody's plans to liquidate after entering bankruptcy for the second time in seven months. Both companies filed their...
- Blog posts 2009-01-15
Additional Resources
- Retail Roundup: KB Toys Files For Bankruptcy, Toys 'R' Us Struggles, More
- KB Toys files for bankruptcy protection -- Although the holiday season is usually the busiest time of the year for toy stores, KB Toys Inc., one of the nation's largest toy retailers, filed for Chapter 11 bankruptcy protection Dec. 12. The chain, comprised of 460 locations, plans to close all...
- Blog posts 2008-12-12
- Retail Roundup: Costco E-Commerce Booms, Linens 'n Things to Liquidate, and More
- Costco's Web sales increase 42 percent -- Costco Wholesale Corp., one of the few retailers who appears to be affected minimally by the down economy, reported another year of solid sales-- especially in its e-commerce sector. The retailer generated fiscal 2008 Web sales of $1.7 billion, nearly a 42 percent increase...
- Blog posts 2008-10-15
- Retail Roundup: Steve & Barry's Names CEO, Mervyns Shuts Doors, and More
- Steve & Barry's announces new CEO -- Steve & Barry's, the young department-store chain that recently announced plans to close 103 of its 276 locations, welcomed Harold Kahn on board as the company's new CEO. Kahn's lengthy resume charts his ample retail experience, including a decade-long stint as CEO of Macy's East....
- Blog posts 2008-10-17
- Retail Roundup: Borders Names New CEO, Goody's To Liquidate, More
- Borders announces new CEO -- Following a disappointing season in which holiday sales fell 12 percent, Borders Group Inc. is looking to shake up its strategy, starting with the hire of new CEO Ron Marshall. The veteran retail executive who once worked at rival bookstore chain Barnes & Noble succeeds...
- Blog posts 2009-01-07
- Retail Roundup: Billionaire Snaps Up Circuit City Shares, Retailers' New Widgets, More
- Mexican billionaire sees 'great value' in Circuit City -- Although Circuit City Stores Inc. recently filed for bankruptcy protection, one of the world's richest men believes the company may still have a future. Ricardo Salinas Pliego, who owns a 28 percent stake in the company, is "banking on a great...
- Blog posts 2008-11-19
- Retail Roundup: Tweeter Abruptly Closes, Nordstrom Pays $60,000 Penalty, More
- Tweeter abruptly closes, leaving employees in the cold -- Electronics chain Tweeter, which first filed for Chapter 11 bankruptcy protection in July 2007, converted its case into a Chapter 7 liquidation Dec. 2, swiftly shutting its doors and axing more than 600 employees at 70 stores across the country days...
- Blog posts 2008-12-03
- Retail Roundup: Circuit City Talks with Investors, Bebe CEO Resigns, More
- Circuit City in talks with two investors despite crumbling market for electronics -- Mystery clouds the news that two unnamed parties are interested in either buying Circuit City Stores or giving the electronics retailer the funds to stay in business. The chain filed for Chapter 11 bankruptcy protection in November,...
- Blog posts 2009-01-12
- Retail Roundup: Boscov's Bailout Falters, E-Commerce SEO Tips, More
- Boscov's bailout falters after Penn. counties reject loan -- Pennsylvania officials are struggling to scrape together a plan to keep Boscov's department-store chain afloat after two of the seven counties with Boscov's stores within their borders declined to partake in a $35 million scheme to bailout the suffering retailer. After...
- Blog posts 2009-01-23
- Retail Roundup: Wasson Named Walgreens CEO, Home Depot Slashing 7,000 Jobs, More
- Wasson named Walgreens CEO -- Walgreen Co. today named Gregory D. Wasson as the drugstore chain's new CEO, a power shift that places Wasson, current president and COO, at the helm of the company he has served for nearly 30 years. Wasson replaces acting CEO Alan G. McNally, who has...
- Blog posts 2009-01-26
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