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May 4, 2016 at 9:55 am
On Tuesday specialty grocer The Fresh Market announced the closure of 13 locations across the U.S. Stores will be closed on May 18, according to a release from the company's public relations department. The grocer will close all of its store locations in Texas, Iowa, Missouri and Kansas. The company currently operates 175 stores in 23…
May 4, 2016 at 9:49 am
There’s a big sale occurring in the toy aisle: Build-A-Bear, with a market value of around $200 million, says it is mulling strategic alternatives — typically corporate lingo indicating a firm is on the block. Investors cheered the news, sending shares of the toy maker, which operates around 400 stores globally, up more than 8 percent…
May 4, 2016 at 9:45 am
Struggling teen apparel retailer Aeropostale filed for Chapter 11 bankruptcy protection on Wednesday, succumbing to years of losses as shoppers moved on to fast-fashion retailers and online competitors. Aeropostale said it plans to finance its operations during its bankruptcy through a $160 million loan from Crystal Financial LLC combined with operating cash flow, according to a…
May 4, 2016 at 9:42 am
No green thumb? No need to worry, said Kmart, announcing a new lifetime guarantee on certain plants sold at its lawn and garden centers. Customers who buy a tree, shrub or perennial with a "Plants for Life, Guaranteed" tag can, upon the plant's untimely passing, receive a replacement or store credit if they return the "Guaranteed…
May 3, 2016 at 9:48 am
Grocery chain operator Fairway, which has lost money in every quarter since it went public in 2013, filed for Chapter 11 bankruptcy protection on Monday in a New York court. Fairway listed assets in the range of $100 million to $500 million, and liabilities of $100 million to $500 million, according to a court filing. The…
May 3, 2016 at 9:28 am
Don't be surprised if you bump into a robot next time you shop at Target. The retail giant is testing robots for a week at one of its San Francisco stores to help stock shelves and take inventory, according to Fortune. Simbe Robotics, a Silicon Valley startup, built the robot called "Tally," which can move around…
May 3, 2016 at 9:18 am
Health and wellness retailer GNC on Monday said the company’s board was weighing strategic alternatives, including a potential sale, and has hired Goldman Sachs as a financial adviser to assist in the process. “After careful consideration, including discussions with a range of shareholders, we believe it is an appropriate time to undertake a comprehensive review of…
May 3, 2016 at 9:07 am
Trish Mueller has stepped down as chief marketing officer at Home Depot after nearly seven years with the Atlanta-based company. Director of Corporate Communications Stephen Holmes confirmed to Adweek that Mueller announced her resignation approximately two weeks ago and that she's been replaced by president of online operations Kevin Hofmann, who will hold both titles.
May 2, 2016 at 11:59 am
You'd be hard-pressed to find a fashion brand that hasn't at least toyed around with the idea of wearable tech — from all-American lifestyle companies like Ralph Lauren, Michael Kors and Tory Burch, to cooler, more directional ones like Opening Ceremony and Gucci. But aside from a few exceptions (BaubleBar, for example), there hasn't been…
May 2, 2016 at 11:49 am
Walgreens wants you to know the difference between a vaporizer and an edible — the marijuana kind. In a post on the company’s “Stay Well” Tumblr blog, Dahlia Sultan, a pharmacy resident at the University of Illinois and Walgreens, wrote about the benefits of medical marijuana. (The post notes that Walgreens isn't a licensed provider of…
