Tuesday, November 27, 2018

Decelerating News

Target is planning to close 6 stores in February 2019. Earlier this year, Target closed 12 stores. However, Target will open 30 small stores near colleges and urban areas this year and next... Destination Maternity plans to close 117 locations over the next several months as part of an overall plan to close as many as 280 unprofitable stores over the next four years. The maternity clothing retailer expects to shutter another 42 to 67 stores in fiscal year 2019, which starts July 1. The list of the stores that will be closed has not been revealed...David’s Bridal filed for bankruptcy protection. David’s Bridal has received commitments for $60 million in new debtor-in-possession financing from existing lenders, along with a recommitment of its existing $125 million asset-backed loan, which will help it stay open for business during restructuring. Orders will arrive on time and bridal appointments will not be impacted... Blue Apron announced that its pilot program with Costco will shut down indefinitely.

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