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...
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.
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.
December 26, 2010 |
It's the day after Christmas, and you're staring down a small mound of gifts you'd never ? not in a million years ? purchase for yourself. How to flip that reindeer sweater into a chic cashmere scarf without getting into a tangle with a salesperson? We asked Trina Gupta, founder of Los Angeles-based personal shopping firm Petite Style Studio, to give us her tips on how to return or exchange unwanted merchandise with little to no fuss. Delay and expect to pay "Time is the biggest factor when returning something," Gupta said, "because the stores want to be able to resell the product, and the longer you wait, the less relevant that product becomes.
March 29, 2012 |
Best Buy's sprawling blue big-box stores will start disappearing this year, replaced by more compact shops and mobile-only stores as the country's largest consumer electronics retailer tries to reclaim revenue from rivals such as Amazon. The company will shut down 50 of its large-model stores this year while testing new branches that are 20% smaller in San Antonio, Texas, St. Paul, Minn. and Best Buy's Minneapolis hometown. The downsizing has been in the works for months . The electronics giant also wants to cut $800 million out of its costs by 2015, including $250 million within the next fiscal year.
December 16, 2010 |
If you thought crazy store hours were strictly a Black Friday phenomenon, get ready for next week. With little more than a week left before Christmas, retailers are making their final push to entice last-minute shoppers. The last 10 days of the season traditionally bring out huge crowds — retailers see about one-third of their holiday sales during the period — and this year is no exception. Toys R Us announced that it would remain open for 88 hours in a row starting at 6 a.m. Tuesday and continuing until 10 p.m. on Christmas Eve. It's the first time that all Toys R Us stores nationwide will stay open around the clock during the final countdown to Christmas.
September 24, 1987 |
The ruling Politburo today approved a measure that would allow the opening of the first semiprivate stores in the Soviet Union in 59 years in order to increase the sales of consumer goods. The 14-man policy-making body ruled that individual small stores, kiosks or stalls can be set up by cooperatives or families, the official Tass press agency said.
September 17, 2010 |
The department store industry, coming off its worst year in three decades of market share decline, is mounting an all-out battle for the next generation of shoppers. After years of looking the other way as Forever 21, H&M, Zara and an ever-expanding array of online retailers captured the under-25 market, department stores are pouring money and effort into winning them back. The tactics range from convening online advisory panels of teenagers to establishing in-house, fast-fashion lines to setting up self-service cosmetic stands.
August 8, 2000 |
IParty Corp., which sells party goods over the Internet, plans to buy 33 retail stores in New England and Florida from Big Party Corp. for an undisclosed price. Big Party, which filed for bankruptcy protection earlier this year, operates 54 U.S. stores and had sales of about $69 million in 1999. New York-based IParty plans to acquire the inventory, fixed assets and leases of Big Party stores in six states. The purchase will give IParty its first "bricks-and-mortar" shops.
June 6, 2007 |
True Religion Apparel Inc., which sells jeans for more than $200 a pair, said it ended its review of alternatives and would focus on opening its own stores and expanding its wholesale and licensing business. The Los Angeles-based company, which had retained Goldman Sachs Group Inc. to review "a number of strategic opportunities," said in a statement that it would add six retail stores for a total of 14 in 2007 and would have at least 50 stores by the end of 2009.