Tuesday, February 23, 2016

DECELERATING NEWS

Chico’s FAS has sold its Boston Proper women’s apparel business to Brentwood Associates. Terms of the agreement were not disclosed. Chico’s purchased Boston Proper in 2011, and announced it was closing all 20 stores in August 2015...13 Target stores closed their doors this month. The retailer announced the closings in November of last year, citing falling profits. These stores are among Target’s nearly 1,800 US locations...Sears said it would accelerate the closure of some of its stores following a “challenging” holiday season. Sears said closures will include, but not be limited to, about 50 stores that the company announced it would be shuttering in the next few months.

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