Thursday, December 20, 2018
Decelerating Retail News
Christopher & Banks plans to close 30 to 40 stores over the next two years with closings to begin in late 2019 as leases expire…Sears Hometown and Outlet Stores plans to close 80 to 100 stores during the fourth quarter. The company opened 2 new Outlet locations during the quarter along with 2 new Buddy’s Home Furnishings rent-to-own stores...L Brands signed a definitive agreement to sell its lingerie brand La Senza to an affiliate of private equity firm Regent LP. The deal includes La Senza’s home office organization, North American stores and e-commerce and international partnerships. There are currently 126 La Senza company-owned stores in the US and Canada. The financial terms of the agreement were not disclosed…Scotty’s Holdings LLC has filed for Chapter 11 bankruptcy protection and plans to close 4 of its Scotty’s Brewhouse locations by the end of the year...Shopko is closing 39 stores. The retailer has 363 stores in 24 states.