#retail-industry

#retail-industry

Joann is selling its assets and winding down operations after multiple bankruptcies.

The chain plans to close around 300 stores following its bankruptcy decision.

Party City is closing all stores nationwide, marking the end of its operations, including locations in New York City.

Franchise Group is closing American Freight amidst bankruptcy filings to strengthen other brands and reduce debt.

Rite Aid plans to file for Chapter 11 bankruptcy again due to failed negotiations with lenders.

True Value's bankruptcy filing highlights competitive pressures faced by smaller hardware retailers amid stronger rivals like Home Depot and Lowe's.

Washington Prime Group is selling the Westminster Mall amid a broader portfolio sale following bankruptcy.

Trump's tariff policy may shift due to concerns from major retailers over supply chain disruptions.

Digital commerce companies are halting I.P.O. plans due to President Trump's tariffs affecting market conditions.

Trump's trade policies may limit product choices for U.S. consumers, impacting the global supply chain.

The vast variety of consumer products in the U.S. is at risk due to tariffs.

Kroger's CEO Rodney McMullen resigned due to personal conduct inconsistent with company policies, amidst challenges including a failed merger with Albertsons.

Kohl's CEO Ashley Buchanan was fired due to undisclosed conflicts of interest in vendor transactions.

Kohl's CEO Ashley Buchanan has been terminated due to undisclosed conflicts of interest involvement.

Michael Bender is appointed as interim CEO while Kohl's searches for a permanent replacement.

Kohl's CEO Ashley Buchanan was terminated due to undisclosed conflicts of interest involving vendor transactions.

Kohl's has fired CEO Ashley Buchanan after less than five months for unethical behavior involving undisclosed conflicts of interest.

A large-scale strike by 18,000 Teamsters at Costco could become the largest retail strike in U.S. history due to unresolved labor negotiations.

Costco remains strong amid recession concerns while competition from Home Depot may rise in the long term.

Lidl plans significant expansion in east London with a £500 million investment and new store openings.

Arzooo, aiming to integrate e-commerce with physical retail, has sold its assets after exploring merger options, signifying challenges in the retail tech landscape.

Early holiday shopping is up due to discounts, a compressed shopping calendar, and consumer optimism following the presidential election.

Retailers are significantly investing in private-label brands to attract consumers looking for affordable options amid inflation.

Homebase's administration reveals a staggering debt of over £650 million, leaving unsecured creditors unlikely to recover anything.

Homebase collapsed due to overwhelming debt and lack of financing options, resulting in the sale of assets in administration.

Homebase is nearing collapse due to reduced consumer spending, risking over six thousand employee jobs and affecting customer orders.

Party City is permanently closing all stores by February 2025, ending its legacy of party supply provision.

New business rate reforms in London's West End could lead to store closures and job losses due to a £44.5 million hike in property bills.

Retail giants can absorb increased NICs but smaller retailers face greater challenges due to limited resources.

The Walton family is now the richest family in the world, mainly due to Walmart's impressive stock performance and e-commerce growth.

Walmart's body camera pilot program aims to enhance worker safety amidst harassment, especially during stressful holiday shopping seasons.

Walmart's brand refresh draws inspiration from founder Sam Walton's legacy, blending retro elements with a modern focus on digital commerce.