U.S. apparel chain Steve & Barry's LLC said on Monday it agreed to be bought by a unit of investment firm Bay Harbour Management for $163 million. The 276-store chain said it filed a "stalking horse" agreement with the bankruptcy court, an...
Regional department store chain Boscov's filed for Chapter 11 bankruptcy protection and has put itself up for sale. So that's Mervyns and Boscov's in less than a week. Things are definitely getting bloody out there. ...
Next year Starbucks will open about 165 stores. However, it will close 225. So the net result is the company is planning on shrinking its store base by about 60 locations next year. ...
Office Depot Inc. yesterday reported a second-quarter loss as a decline in spending by retail consumers and smaller businesses in the United States hurt sales. It said it would cut store openings this year. ... To cut costs and reduce capital...
Defaults on commercial mortgage-backed securities issued at the height of the credit bubble will more than quadruple from their current levels under conditions in the US economy expected by the commercial real estate industry, according to a...
Mervyns LLC, the mid-tier department store chain that filed for Chapter 11 bankruptcy protection on Tuesday, received approval from the U.S. Bankruptcy Court for $465 million in interim financing provided by Wachovia Capital Finance Corp. The...