retailers

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Big Discount Retailer Files for Bankruptcy
Big Lots Files for Bankruptcy
Sep 9, 2024 10:40 AM CDT

Big Lots Files for Bankruptcy

Discount retailer has been struggling as consumers have been spending less

(Newser) - Discount retailer Big Lots filed for bankruptcy on Monday, unable to turn around a long losing stretch. The plan laid out in its Chapter 11 filing is to sell to Nexus Capital Management, reports CNN . No new store closings were announced, but the chain already was in the process of...

Aldi Has Big Plans Across the US
Aldi Has Big Plans
Across the US
Sep 9, 2024 8:36 AM CDT

Aldi Has Big Plans Across the US

Grocery chain says it's hiring 13K workers, adding 800 stores throughout US

(Newser) - Currently, Aldi employs nearly 50,000 people across the US, with almost 2,400 stores under its belt. Both those numbers are about to get a boost, per Quartz , which reports that the grocery chain is set to pump more than $9 billion to open 800 new stores over the...

Costco Is Cracking Down on Card Sharing
Costco: No More
Sharing Your Card
Aug 8, 2024 11:12 AM CDT

Costco: No More Sharing Your Card

Warehouse club to make people scan membership cards before entering, to cut down on card sharing

(Newser) - Costco is sick of memberships being shared around. And like Netflix , it's taking action. Soon, Costco members will be required to scan their membership cards before entering all stores, while guests will only be permitted inside with a valid member, Axios reports. "If someone tries to enter a...

Tractor Supply Dumps DEI Efforts After Right-Wing Campaign

Rural retailer nixes DEI roles and cancels Pride events, voter drives, carbon emissions goals

(Newser) - Just last month, Hal Lawton, president and CEO of Tractor Supply, boasted about the company's "very consistent" approach to DEI (diversity, equity, inclusion) and environmental efforts, noting that, despite conservative backlash against similar initiatives elsewhere, "We haven't walked away from anything." Now, a "stunning...

Walgreens Is Closing a 'Significant' Number of Stores

'We are at a point where the current pharmacy model is not sustainable'

(Newser) - Walgreens' stock plunged more than 20% in trading Thursday morning after the company reported disappointing earnings and slashed its profit outlook. The drugstore chain said it plans to cut a "significant" number of its more than 8,600 stores in the US, CNN reports. Walgreens has already closed more...

Dollar Tree Wants to End Its 'Disastrous Merger'

Company announces it would like to sell or spin off Family Dollar chain

(Newser) - Dollar Tree is seeking to put an end to what CNN calls its "disastrous merger" with Family Dollar. The parent company on Wednesday announced it's looking into selling or spinning off Family Dollar, which it bought for $8.5 billion in 2015. The thinking at the time was...

Bruce Nordstrom, of Eponymous Store Chain, Dies at 90
Nordstrom
Scion Dies
at 90
OBITUARY
May 20, 2024 11:26 AM CDT

Nordstrom Scion Dies at 90

Bruce Nordstrom helped transform his family's business into an upscale nationwide chain

(Newser) - Bruce Nordstrom, a retail executive who helped expand his family's Pacific Northwest department store chain into an upscale national brand, has died. Seattle-based Nordstrom Inc. said its former chairman died at his home on Saturday. He was 90, reports the AP . "Our dad leaves a powerful legacy as...

That Costco Hot Dog Might Cost You a Membership Fee

It appears the warehouse retailer may be cracking down on nonmembers using its food court

(Newser) - If popping over to your local Costco for a $1.50 hot dog and soda combo or $1.99 pizza slice is part of your affordable-lunch routine, you may need a membership soon for that. "There are some signs—literally—the laxity is coming to an end," USA ...

Even Retailers Are Fed Up With Self-Checkout

Automated kiosks double theft rates, among other issues

(Newser) - Self-checkout machines aren't only annoying customers, Quartz reports, as a growing number of large retailers have begun rethinking the costly tech. Last year, companies like Target, Walmart, Dollar General, and British grocer Booths have pared down (and in some cases eliminated) how the automated systems work in their chains,...

People Wait Years for This Wine Sold at Costco

There's a (very) limited supply now of Screaming Eagle's cab sav, but be prepared to pay thousands

(Newser) - A hint of something special at Costco arrived earlier this month on Reddit , when one user posted a picture of a row of wine bottles, one with an eye-popping price tag of $3,699.99. "Had to make sure I was seeing correctly," the person wrote in the...

Zara Said Ads Had 'Artistic Context.' Critics Disagreed

Detractors says ads with shrouded mannequins resemble dead Palestinians in Gaza

(Newser) - Retail clothing chain Zara says it has pulled images from an ad campaign featuring statues wrapped in white coverings after some said they resembled the shrouded bodies of murdered Palestinians. Users left tens of thousands of comments on the Spanish brand's Instagram page criticizing the images, while calls to...

Online Shoppers, Today Is Your Big Day

With Black Friday, it's on to Cyber Monday, wrapping up 5-day Cyber Week for holiday shopping

(Newser) - Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday. Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday—a term coined back in 2005 by...

Retailers Boost Discounts to Lure Hesitant Shoppers

Economic uncertainty is affecting spending habits on Black Friday

(Newser) - Stores stepped up discounts and other enticements on Black Friday to entice shoppers holding out for the best deals. But retailers worry those may not be enough, per the AP . Consumers are coming under pressure as their savings dwindle and credit card debt grows. And although they've gotten some...

Retailers Steel for What May Be a Holiday Mixed Bag

Consumers seem set to spend on Black Friday, but how much, how long after that remains a question

(Newser) - The holiday season is a critical one for many US retailers, and with Black Friday just two days away, it appears consumers are gearing up for a shopping spree: According to the National Retail Federation, about 182 million people are expected to open their wallets online and at brick-and-mortar stores...

Bed Bath & Beyond Workers Report New 'Punch in the Gut'

First stores closed; now employees say they're being denied severance they thought they'd get

(Newser) - Back in mid-March, a report emerged that Bed Bath & Beyond—which is closing most of its stores and trying to avoid filing for bankruptcy protection —wasn't planning on paying out severance to laid-off workers, even though it had done so during past layoffs. The news came via...

This Retailer Is Bucking Black Friday for Good

REI says its #OptOutside policy will become permanent starting this year

(Newser) - The shift against Black Friday is continuing, with REI announcing it will be store policy to close its doors on the day after Thanksgiving. The Seattle-based outdoor goods retailer has remained closed on Black Friday each year since 2015 as part of its #OptOutside movement, per CBS News . "But...

Teeming With Inventory, Kohl's, Gap Resort to 'Pack and Hold'

Clothing retailers are tapping into unusual strategies amid an inventory glut

(Newser) - As summer tilts toward autumn, major clothing retailers have found themselves with a massive glut of inventory, forcing many chains to make tough choices. Per CNN, discounts and promotions are the usual strategies for clearing excess goods, but that's not good enough for Kohl's and the Gap. Both...

Start Digging in Your Sofa for Much-Needed Coins

Businesses across the US are begging people to put spare change into circulation amid shortage

(Newser) - Got a dime you can spare? Retailers, laundromats, and other businesses that rely on coins want you to turn it in, along with any other spare change in piggy banks or under couch cushions, as coins are in short supply again, the AP reports. A group of trade associations that...

FTC Orders Walmart, Amazon to Explain 'Sky-High Prices'

9 companies asked to turn over information on supply chain woes

(Newser) - Walmart, Amazon, and Kroger will have 45 days to answer to the Federal Trade Commission for their "empty shelves and sky-high prices." With the holiday shopping season now underway, the FTC has ordered nine large retailers, wholesalers, and suppliers including Procter & Gamble Co., Tyson Foods, Kraft Heinz...

Target Makes a Permanent Move on Thanksgiving

All stores will be closed on the holiday, this year and going forward

(Newser) - Target is bailing from one aspect of the holiday shopping rush: Its stores will be closed on Thanksgiving—not just this year, but on all Thanksgivings going forward, reports MarketWatch . The shift can be chalked up to the pandemic: The chain chose to close last Thanksgiving, and it also spread...

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