The Latest
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Looming port workers strike could cripple supply chain, impact holiday shopping. Here's what to know
With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen’s union come to the bargaining table to negotiate a new contract.
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Brian Goldner, Who Led Transformation at Hasbro, Dies at 58
Hasbro did not give a cause of death, but Goldner disclosed in August 2020 that he had been undergoing treatment for cancer since 2014.
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Gap Inc. Exiting Malls, to Shutter 350 Stores by 2024
Gap Inc. is moving away from the nation’s malls. The San Francisco-based brand was for decades a fixture at shopping malls around the country. Now it says it’s closing 220 stores by early 2024. The parent company is also shuttering 130 Banana Republic stores.
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Champagne and Shoes: Luxury Stores Adapt to Changing Shopper
To get that monogram tote bag by Louis Vuitton or leather Flashtrek sneakers by Gucci, the go-to place had been luxury department stores. Not anymore. Now, there are far more options to access exclusive labels. You can buy them at online sites like Netaporter. Or get them barely used through sites like Fashionphile and The RealReal. You can even rent…
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Payless ShoeSource to Shutter All of Its Remaining US Stores
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind down its e-commerce operations. All of the stores will...
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J.C. Penney to Drop Major Appliances After a Three-Year Run
J.C. Penney to drop major appliances after a three-year run as it goes back to focusing on clothing.
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Sears' Chairman Stands at the Center of Fight for Company
As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago. He’s been chairman, CEO, lender, and largest shareholder —...
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Department Store Executive Blake Nordstrom Dies at 58
Blake Nordstrom, who led the upscale department store chain Nordstrom as co-president with his brothers Erik and Peter, has died. He was 58. The Seattle-based company did not disclose the cause of death, saying Nordstrom passed away unexpectedly early Wednesday. Last month, Nordstrom said that he had been diagnosed with lymphoma, but that his cancer was treatable. Nordstrom Inc. said...
