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.
September 10, 2013 |
Ron Burkle, who became a billionaire reviving faltering supermarket chains, will try to turn the money-losing Fresh & Easy stores into a profitable venture. Burkle's Yucaipa Cos. has agreed to buy the El Segundo chain for an undisclosed amount from British supermarket giant Tesco, which is bailing from the U.S. scene after losing about $2 billion over five years. Yucaipa will acquire more than 150 of Fresh & Easy's 200 mostly Southern California stores and its Riverside distribution and production facilities, keeping more than 4,000 employees.
June 14, 2013 |
The gale force of controversy that's battered Lululemon Athletica Inc. in recent months would have left most executives curled up in a ball, bedridden and buried under a mound of crumpled tissues. Instead, the company's leadership team, which had to recall its too-sheer black yoga pants in March and has been suffering ever since, appears to be in stitches. On Monday, Chief Executive Christine Day said she would step down from her post once a replacement was found. The announcement came two months after Chief Product Officer Sheree Waterson was removed.
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 6, 2013 |
Work is underway on an $80-million shopping and dining complex in El Segundo that its owners hope will become a meeting place for South Bay families and workers. The center, to be called the Point, is being built at the northeast corner of Sepulveda Boulevard and Rosecrans Avenue. It is being built by Federal Realty Investment Trust, which also owns the Plaza El Segundo shopping center next door. The Point is intended to complement Plaza El Segundo, which houses large retailers such as Best Buy, Whole Foods Market and Dick's Sporting Goods.
April 29, 2010 |
The long-troubled Koo Koo Roo restaurant chain planned to close 10 of its last 13 locations Wednesday night, its parent company said. The stores are being closed as part of a bankruptcy reorganization announced last week by Magic Brands, the Austin, Texas, company that now owns Koo Koo Roo along with the Fuddruckers hamburger chain. Dwayne Chambers, senior vice president for marketing of Magic Brands, said the chain will continue to operate three of its stores, those in Santa Monica, West Hollywood, and the Larchmont neighborhood of L.A..
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.
May 6, 2011 |
Los Angeles apparel chain Metropark USA Inc. has filed for bankruptcy and is shutting all 69 stores, including 18 in California. Metropark, a specialty retailer that has catered to the 25- to 35-year-old market, is known for offering a shopping experience that was part store, part club. Despite a rapid expansion, the company has struggled to become popular among young adult shoppers and sales fell sharply during the economic downturn. The company filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Southern District of New York.
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...