March 26, 2011 |
As it heads toward the auction block in early April to end its troubled bankruptcy process, Blockbuster Inc. is closing 186 stores nationwide. The struggling home video chain based in Dallas revealed in court filings that it would reject the leases and abandon its properties at the end of the month in an attempt to reduce its ongoing losses. Among the Blockbuster locations that will close are 15 in California, six of them in the Los Angeles area. Those stores are in El Segundo, Santa Ana, Newport Beach, Corona, Anaheim Hills and L.A.'s Larchmont neighborhood.
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.
September 25, 2012 |
Staples Inc. is speeding up store closures, shaking up management and boosting its online business as the office-supply chain implements a multiyear plan to cut costs. The Framingham, Mass.-based company is looking to save $250 million, before taxes, by the end of fiscal year 2015. At that point, Staples said it intends to have shaved down its retail square footage by 15%. For now, the chain is looking to accelerate the shutdown of 15 U.S. stores. By the end of its fiscal year, Staples said it expects to have 30 net store closures and 30 downsized or relocated stores in North America.
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.
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.
July 22, 2010 |
A fraction of a penny is amounting to one big headache for 99 Cents Only Stores. Two years ago, the City of Commerce retailer — faced with rising inflation and higher costs — raised the top price of its goods to 99.99 cents from 99 cents. Company executives thought it was a clever way to increase sales while staying loyal to the chain's love for the number 99. But the move seems to be riling some customers who say they weren't aware of the nearly one-cent increase and felt duped into believing they were still paying 99 cents "only."
October 11, 2013 |
Forget summer, forget fall. In L.A.'s home furnishings marketplace, the name of the season is change. As consumers fluff homes for the holidays, the rush of new stores and expansions is enough to daunt even the most devoted shopper. A sampling of the comings and goings: Bobby Berk Home: The company that describes itself as “California chic” opened its first store here last week after establishing its brand in New York, Atlanta and Miami. Berk, 31, said his space in the Helms Bakery complex is something of a test site for his just-released line of contemporary sofas, chairs, dressers and tables, all made in downtown L.A. Other names familiar to fans of modern design - Bend, Loll, Fermob - fill out the shop.