The retailer, whose operations include department stores in Antioch, Stockton, Tracy, Santa Rosa and Capitola, said it hopes to complete an auction by March 17 that would lead to a sale of the company. Fresno-based Gottschalks operates primarily...
Filene's Basement is closing 11 stores. One thing I find alarming in this is the allegation that Filene's couldn't get rent reductions at these stores. There's little detail here. Was the company asking for too much? What exactly did it need? It...
The move left 30,000 employees of the Woodland Hills, California-based company without work, and creditors -- including landlords -- lining up to get whatever they can after the company sells its inventory. "Now those landlords are in line like...
For one, these stores - which lease furniture, electronics, and appliances through weekly or monthly contracts - are already in the business of catering to consumers who are tight on cash. "The customer base they serve doesn't really boom and...
Simon Property Group has cut the hours of operation for its New England malls, as has the CambridgeSide Galleria. The reductions follow one of the worst holiday sales seasons on record and a decline in consumer spending and mall foot traffic...
It's official. Circuit City will liquidate its 567 stores. ...
While a stormy shopping climate rocks retailers, Lord & Taylor is getting a lifeline. The upscale department store has received a $60 million cash injection from owner NRDC Equity Partners, an investment firm run by New York real-estate mogul...
Looks like three bidders have emerged for Circuity City. The bad news is that it's not at all clear that these firms want to keep the company operating. Hilco and Gordon Brothers are liquidators. So the only interest those firms have would be to...