Posts Tagged: store closings

Underperforming Stores are Closing

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According to CNN, the struggling Family Dollar discount chain will close nearly 1,000 stores as parent company, Dollar Tree, has struggled to integrate Family Dollar. Questions: Source: Meyersohn, N. (2024). Family Dollar and Dollar Tree will close 1,000 stores. CNN, March 13 (Retrievable online at https://www.cnn.com/2024/03/13/investing/family-dollar-dollar-tree-closing-stores/index.html)

Woes for Lowe’s?

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Lowe’s announced that it will be laying off thousands of workers, including maintenance workers, service workers, and furniture and grill assemblers. Questions: How does Lowe’s plan to fill this void? What will it offer the laid-off workers? What is the health of Lowe’s stores overall? Source: Dockery, W. (2019). Lowe’s Layoffs 2019: Why The Hardware… Read more »

Oh the times….they are a changin’

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According to the New York Times, these are the less-than-elegant last days of what, in the days when department stores were destinations, was one of New York City’s most elegant: Lord & Taylor, a fortress on Fifth Avenue. Questions: 1. What was the guilt about? 2. Was the article really about the store? 3. What… Read more »

Good Bye Old Friend!

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According to Axios, Sears and Whirlpool are severing ties after a 101-year relationship. You will no longer be able to buy Whirlpool appliances at Sears, but Whirlpool will still make Kenmore appliances for the firm. Questions: 1. Why does this matter? 2. What other relationships has Sears changed in the recent past? 3. What did… Read more »

American Apparel Bankruptcy

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American Apparel has been in the middle of a turnaround effort that includes store closings and some layoffs. The company also faces several lawsuits from ousted CEO Dov Charney. Now they face the bankruptcy court. Questions: 1. What were the allegations against previous CEO Charney and what types of financial strains has this put on… Read more »