February 24, 2010 |
Blockbuster Inc. said Wednesday that it will close at least 500 stores and is exploring ways to restructure debt. Blockbuster has been working with Rothschild Inc. since February 2009 on financing and strategy, the Dallas-based company said. The company has total debt of $963.9 million, including leases. The company closed 253 stores in January as more consumers turned to Coinstar Inc.'s Redbox movie vending machines and mail-order and online rental services such as Netflix Inc. Blockbuster, which licenses its name for rental kiosks owned by NCR Corp.
March 15, 2012 |
Stylish tots and their mothers rejoice -- a collection designed by Diane von Furstenberg hits BabyGap and GapKids stores and the Web today. In this latest partnership between high-end design and mainstream retail, Von Furstenberg, best known for breezy wrap dresses, distilled her aesthetic to create colorful printed apparel, accessories and shoes for the under-14 crowd. Von Furstenberg also reinterpreted her signature wrap dress with a higher waist for young girls to match their mothers.
March 13, 2012 |
Struggling Barnes & Noble Inc., in its latest attempt to draw shoppers into bricks-and-mortar stores, is adding 25 in-store boutiques that sell products from Penguin publishing house, a report said. These boutiques, which have already been tested in 10 Barnes & Noble stores, are stocked with books published by Penguin and other gift-type items such as mugs and totes, the Wall Street Journal reported. Each one occupies about 200 square feet. The test boutiques have proved successful thus far, and Barnes & Noble decided to expand the concept into more than two dozen other stores, said Patricia Bostelman, a vice president of marketing for the bookseller.
October 29, 2012 |
Hurricane Sandy is bearing down hard on the East Coast. Atlantic City, N.J., casinos have been evacuated. Jersey Shore is abandoned. Some Manhattan streets are starting to flood. The mega-storm has already smashed through construction sites, shut down stores and Wall Street and left even jaded residents slightly panicky. Vendors of essential items such as food, water, gas and batteries are prohibited from price-gouging during the tempest, warned New York Attorney General Eric Schneiderman.
January 4, 2013 |
Retail giant Macy's Inc. said it would close a store on Colorado Boulevard in Pasadena as part of plans to shut down six "underperforming" stores nationwide. The closings will make way for the retailer to open nine new locations, including a Bloomingdale's department store at the Glendale Galleria mall this fall. Another Macy's in Pasadena on Lake Avenue will remain open. The 158,000-square-foot store being closed in Pasadena is at the Paseo Colorado shopping mall. It is slated to be shut in early spring.
July 28, 2013 |
When online eyewear purveyor Warby Parker launched its website in February 2010, the goal was simple: to leverage the power of the Web to offer designer-quality eyewear at less than $100 directly to the masses. Three years later, Warby Parker has sold an estimated half a million pairs of prescription glasses and non-prescription sunnies, attracted an all-star roster of style-savvy investors (J. Crew Chief Executive Millard "Mickey" Drexler and Kate Spade co-founder Andy Spade among them)
November 16, 1997 |
New merchants have been moving to Rodeo Drive as sales rise to levels not seen since the late 1980s. Here is a list of recent store make-overs, openings and expansions. Openings * Hugo Boss: Apparel, acessories and other merchandise; Opened June 1. * Frederic Fekkai: Beauty salon; open Friday. * Hermes: Apparel, accessories, crystal, gifts; reopened Sept. 16 at larger site. * Tommy Hilfiger: Apparel, acessories and other merchandise; opens today.
August 13, 2011 |
Chinese authorities have found 22 more fake Apple Inc. stores in the city of Kunming after the uncovering of a fake Apple store in that city by a blogger. China's Administration for Industry and Commerce has suspended previously exposed stores from doing business, but the 22 newly discovered stores are instead being ordered to stop using Apple's logo and trademarks, according to a report from Reuters. State media reports said Apple China had filed a complaint with the government and accused such fake stores of unfair competition and trademark violation.
December 23, 2012 |
KABUL, Afghanistan -- Firefighters battled through the night to contain a raging fire that swept through a market in the Afghan capital. No injuries were reported, but the blaze destroyed hundreds of stores and millions of dollars worth of merchandise, Afghan police and firefighters said at the scene. Dealers at the neighboring currency exchange, the city's largest, said they evacuated cash, computer equipment and records from their shops as...