Wednesday, May 13, 2015

Decelerating News

Frederick's of Hollywood has closed all of its stores and will do business only online. In 2014, Frederick's operated 94 stores and a catalog business, in addition to its website...Simply Fashion and Dots stores nationwide are closing. Simply Fashion  filed for Chapter 11 bankruptcy protection last month. The privately held company runs about 243 stores under the Simply Fashion and Dots names. Liquidators Gordon Brothers Group and Hilco Merchant Resources are managing the closings...Wendy's plans to sell 640 company-owned restaurants in the US and Canada as part of a plan to reduce the number of company-owned locations. The company hopes to sell the restaurants to franchisees. At the end of 2014, Wendy's had a total of 6,515 restaurants worldwide.

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