The closures will come, according to a USA Today report on Thursday. J.C. Penney will begin going-out-of-business sales at certain stores within weeks, an attorney for the company said Thursday at a court hearing, as the company is set to close 242 stores permanently as part of the Chapter 11 restructuring plan. … [Read more...] about JC Penney opens Louisiana Avenue store; Acadiana Mall store remains closed
L Brands said in a news release that it "remains committed to establishing Bath & Body Works as a pure-play public company and is taking the necessary steps to prepare the Victoria's Secret Lingerie, Victoria's Secret Beauty and PINK businesses to operate as a separate, standalone company." … [Read more...] about Victoria’s Secret Closing 250 Stores: What’s Near Beverly Hills?
In April 2019, Debenhams fell into the control of lenders, a group of banks and hedge funds led by US firm Silver Point Capital. … [Read more...] about Debenhams will never reopen up to 22 of its 142 stores with thousands of jobs cut
On reopening his stores and getting used to slow business: With more than 70 days of everything shut, there is definitely a huge loss. I have not permitted any layoffs, and there are rents to pay with no income coming in. On May 22, we started our store in Delhi and Hyderabad. We only take clients on appointment and I can see it is going to be slow. But by October, wedding orders will come in. Even if weddings will be smaller, the bride and the groom will want to dress up! … [Read more...] about Can’t stop fashion: on physical stores opening up and innovative strategies being adopted by brands
"[We] are confident of finding a new owner who is committed to the long-term future of Burger King in New Zealand, supported by the strength of the Burger King brand and by the loyalty of our valued team members, supply partners and guests," a media release from Antares said. … [Read more...] about Burger King confirms planned closure of five stores