Tag Archives: retail

Grocery Giant Publix Is Latest To Ban Open Carry

The Tampa Bay Times reports: Publix is joining the growing list of stores requesting that customers not openly carry guns in states where it is legal to do so. “Publix respectfully requests that only law enforcement officials openly carry firearms in our stores,” Publix said in a statement to ABC affiliate WPLG . Although Florida is not an open-carry state, …

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CVS And Wegmans Join Retail Ban On Open Carry

CNN reports: Five retailers have announced this week that they will start asking customers not to openly carry guns into their stores in states where open carry is legal. The moves represent a major shift in the way retailers are positioning themselves in the gun debate. Walgreens, CVS, and Wegmans announced the new policy Thursday afternoon, following announcements from Walmart …

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Corporations Advise Investors On Mass Shooting Risks

CBS News reports: When publicly listed companies disclose risks for shareholders in their filings with the Securities and Exchange Commission, they typically cite business factors such as potential economic downturns, labor costs and currency fluctuations. But a new threat is starting to appear in annual earnings reports: The danger of getting shot. The Cheesecake Factory and Dave & Buster’s Entertainment …

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Luxury Retailer Barneys Files For Bankruptcy [VIDEO]

CNBC reports: Barneys New York, an icon of New York retail, filed for bankruptcy early Tuesday morning, with a plan to significantly reduce its footprint, as it looks for a buyer to stave off liquidation. The retailer said it will focus on running only 5 of its more than 10 namesake stores: on New York’s Madison Avenue, in downtown Manhattan, …

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Christian Bookseller Drops Name Over CBD Confusion

Religion News Service reports: A popular Christian bookseller is changing its name after a deluge of requests for cannabis-related products. For years, Peabody, Massachusetts-based Christian Book Distributors has been known by the initials CBD. The bookseller announced last month it will now go by “Christianbook” to avoid confusion with cannabidiol, an increasingly popular cannabis-derived product that shares its initials. “The …

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Kohl’s Stores To Accept And Process Amazon Returns

The New York Times reports: It says volumes about the challenges facing brick-and-mortar stores that the “single biggest initiative” out of Kohl’s this year, according to the national retailer’s chief executive, is that it will now accept and process unwanted orders from Amazon. Kohl’s said on Monday that it was now accepting Amazon returns at its more than 1,100 stores …

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Party City To Shutter 45 Stores Due To Helium Shortage

USA Today reports: Amid a global helium shortage, Party City announced Thursday it will shutter 45 stores in 2019. The New Jersey-based party supplies company did not release a list of affected stores but said the closures will take place throughout the year. Party City said it is working to secure a new helium source and a contract, which is …

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Sweetgreen Chain To Begin Taking Cash Again As Some Municipalities Move To Prohibit Cashless Businesses

The Daily Beast reports: Sweetgreen will begin accepting cash again at all 94 of its nationwide locations by September 30, Bloomberg reports. The popular fast-casual salad chain stopped accepting cash in 2016, a decision that was met with criticism. Critics argue that cashless businesses discriminate against customers who might not have access to lines of credit or mobile payment apps. …

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Southern Baptist Convention To Close All 170 Stores

The Christian Post reports: LifeWay Christian Resources announced today that it will be closing all remaining 170 stores this year and focusing on online sales. Carol Pipes, director of corporate communications for LifeWay, posted the announcement on the company’s website, explaining that it was “a strategic shift of resources to a dynamic digital strategy.” Dates for store closures will vary …

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Philadelphia City Council Bans Cashless Stores

The Wall Street Journal reports: Philadelphia is the first major U.S. city to ban cashless stores, placing it at the forefront of a debate that pits retail innovation against lawmakers trying to protect all citizens’ access to the marketplace. Starting in July, Philadelphia’s new law will require most retail stores to accept cash. A New York City councilman is pushing …

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Gap Inc To Split Into Two Separate Companies

CNBC reports: Gap Inc. said Thursday it will split into two independent publicly traded companies — one comprised of its Old Navy brand, and the second a yet-to-be-named company that includes its other brands like Banana Republic and Athleta. Its shares surged more than 20 percent in after-hours trading on the news. Following a review by Gap’s board of directors, …

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Payless To Shutter All 2100 Stores, End Online Sales

USA Today reports: Payless ShoeSource confirmed Saturday that it will close its 2,100 stores in the U.S. and Puerto Rico and start liquidation sales Sunday. The company is also shuttering its e-commerce operations. The closings mark the biggest by a single chain this year and nearly doubles the number of retail stores set to close in 2019. “We expect all …

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Really Most Sincerely Dead: Sears Rejects Bailout Bid

CNBC reports: Sears has rejected Chairman Eddie Lampert’s bid to save the company, setting the storied retailer on a path to liquidation, people familiar with the situation tell CNBC. Sears plans to announce its liquidation plans this morning, the people said. Lampert had put forward a $4.4 billion bid to save Sears and 50,000 jobs by buying it out of …

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Lawmakers React As More Retailers Say “No Cash”

The Wall Street Journal today looks at the growing number of retailers, some of them chain restaurants, that no longer accept cash. Lawmakers are starting to react. Massachusetts is the only state that currently requires retailers to accept cash. Some New Jersey legislators are working to make their state next. New York City Councilman Ritchie Torres of the Bronx recently …

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Sears Chairman Makes Last Minute $4.6B Takeover Bid

Reuters reports: Sears Holdings Corp Chairman Eddie Lampert has submitted a roughly $4.6 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, people familiar with the matter said on Friday. The offer came after Sears’ existing lenders Bank of America Corp and Citigroup Inc, as well …

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Liquidation Alarm: Sears May Have Only 24 Hours Left

CNBC reports: Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy …

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Sears Finally Declares Bankruptcy, 142 Stores To Close

The New York Times reports: Sears, which more than a century ago pioneered the strategy of selling everything to everyone, filed for bankruptcy protection early on Monday. The company had long ago given up its mantle as a retail innovator. It was overtaken first by big box retailers like Walmart and Home Depot and then, by Amazon as the go-to …

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REPORT: Sears Readies Chapter 11 Bankruptcy Filing

Retail Dive reports: After years of speculation and financial losses, Sears is contacting banks to arrange the financing for a possible Chapter 11 filing, which might come as soon as this week, according to reports in The Wall Street Journal, which broke the story, and CNBC, that both cited unnamed sources. The report comes as Sears faces a $134 million …

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Nation’s Largest Mattress Retailer Declares Bankruptcy

The Associated Press reports: Mattress Firm, Inc., the nation’s largest mattress retailer, filed for bankruptcy protection on Friday, saying its rapid expansion of stores in recent years — with locations often very close to each other — resulted in “cannibalization” of sales. The Houston-based company filed for Chapter 11 bankruptcy protection in federal court in Delaware, saying it plans to …

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Toys R Us Creditors Plan To Revive Brand [VIDEO]

The New York Post reports: It’s official: Toys R Us will live on. The iconic retailer’s debtholders are forming a new company, Geoffrey LLC that will control the Toys R Us and Babies R Us brands, including e-commerce assets and data associated with the brands, the debtors said late Tuesday night. They also plan to open stores in the US …

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