Tuesday, May 24, 2016

DECELERATING RETAIL NEWS

Bob Evans Farms Inc. is closing 27 poorly performing locations. Bob Evans is a family-dining chain with 548 restaurants in 18 states, primarily in the Midwest...Sears Holdings Corp. will close another 68 Kmart units and 10 Sears stores as it looks to restore profitability, about 5% of its nearly 1,700 store base...GNC Holdings Inc. will sell 84 company-owned stores to Sun Holdings in a deal that will eventually lead to the nutrition retailer selling off about 1,000 of its stores...New York grocery chain Fairway Market has filed for Chapter 11 bankruptcy this month...AĆ©ropostale filed for bankruptcy protection and will close more than 100 stores of its roughly 800 stores... The Fresh Market announced the closure of 13 US locations on May 18. The grocer will close all locations in Texas, Iowa, Missouri and Kansas. The company currently operates 175 stores in 23 states...Scoop NYC will shutter all 13 locations, and its Soho flagship is already out of business. The stores will likely shut down in eight to 12 weeks, when it’s estimated all merchandise will be sold out... Gap Inc will close 75 Old Navy and Banana Republic stores in overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.The store closures include all its 53 Old Navy outlets in Japan.


No comments:

Post a Comment