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News a few weeks ago that Manchester’s historic Kendals department store would be closed after owner House of Fraser had failed to convince its landlord to agree a more favourable rental deal was greeted with dismay by the city’s consumers. And the outcry over the planned closure has led to a reversal of the decision.
2018 - Media Team Retailp.com
Sears Holdings Corp Chairman Eddie Lampert confirmed on Thursday he has made a new takeover bid of more than $5 billion for the company, an offer that may significantly increase the likelihood the U.S. department store will be able to stay in business.
2019 - Media Team Retailp.com
Monsoon Accessorize has released details of its company voluntary arrangement (CVA) plan and it's asking its landlords to approve rent cuts on as many as 135 of the 258 stores that it currently leases. The move comes after the company said that it has seen a period of "difficult" trading.
2019 - Media Team Retailp.com
As Victoria’s Secret’s sales continue to flounder, parent company L Brands, Inc. revealed that it will be closing 20 of the lingerie retailer’s locations this year in a conference call with investors on Thursday.
2018 - Media Team Retailp.com
A report has suggested Arcadia is looking to close around a third of its 500 leased UK stores, joining the wave of UK retailers trying to downsize their store estate as online shopping continues to soar.
2018 - Media Team Retailp.com
The eight Jack Wills stores that closed immediately after the brand was bought by Sports Direct in August will be followed by a further five, it has emerged.
2019 - Media Team Retailp.com
South Africa's Massmart Holdings could cut up to 1,440 jobs under a plan to close some stores, the retailer said on Monday as it struggles to grow sales in a tough economy.
2020 - Media Team Retailp.com
With new owners, New Guards Group, Opening Ceremony plans to close all its retail locations sometime in 2020.
2020 - Media Team Retailp.com
Debenhams reported its biggest-ever loss on Thursday and confirmed a plan to close 50 stores as well as saying the beauty market has dipped in recent months. But it’s remaining upbeat and thinks it’s on the right track.
2018 - Media Team Retailp.com
Diane Von Furstenberg's Japanese partner Sanei International, a subsidiary of TSI Holdings, has decided to withdraw from the business.
2017 - Media Team Retailp.com
Ten former Bon-Ton stores are set to be sold off by property management company A&G Realty Partners in a bankruptcy auction on January 28.
2019 - Media Team Retailp.com
A “small number” of Clarks stores will not reopen after the coronavirus pandemic ends, the British shoe brand has revealed.
2020 - Media Team Retailp.com
Lanvin Japan, which manages the Lanvin flagship store in Ginza, Tokyo, and runs services including PR for the luxury brand in Japan, will be dissolved on August 15, according to Japanese media reports. As a result, the flagship is scheduled to close down at the end of July.
2019 - Media Team Retailp.com
Morrisons has confirmed plans to close down four of its stores, putting around 400 staff at risk of losing their jobs.
2019 - Media Team Retailp.com
Canadian firm Sunrise Records has emerged as the buyer of collapsed music chain HMV, beating competition including Sports Direct owner Mike Ashley.
2019 - Media Team Retailp.com
The British luxury brand Belstaff will withdraw from Japan and close its six stores in the country at the end of July this year. The business will then dissolve its Japanese subsidiary in September 2019.
2019 - Media Team Retailp.com
The Alkmaar-based store is the last operating shop of the chain, which earlier closed branches in Arnhem, Nijmegen and Groningen.
2017 - Media Team Retailp.com
A new cost-cutting plan could see a “significant” number of Cotswold Outdoor and Snow + Rock stores close across the UK, further adding to the UK high street’s woes.
2019 - Media Team Retailp.com
John Lewis has announced plans to close its Knight & Lee store in Southsea in July, which at 35,000 square feet is the smallest in its portfolio.
2019 - Media Team Retailp.com
Creditors have given Cotswold Outdoor owner Outdoor & Cycle Concepts their approval for an insolvency plan, paving the way for four store closures and dozens of rent reductions.
2019 - Media Team Retailp.com
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