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Retailer News

Aeropostale files for bankruptcy protection, closes Canada stores

New York - After three consecutive years of losses, teen clothing retailer Aeropostale Inc. filed for Chapter 11 bankruptcy on Wednesday and pledged to reorganize.

Amazon announces lawsuit against over 1,000 fake reviewers

Online retailer Amazon has filed a lawsuit targeting over 1,000 people alleged to have posted fake product reviews on its website. The company says that the false reviewers can '"significantly" undermine the trust that consumers place in its listings.

Back from the edge — Radio Shack gets new financing offer

New York City - Ubiquitous US electronics retailer RadioShack Corp. reportedly has received an offer of nearly $600 million in financing that could enable it to avoid bankruptcy.

Amazon willing to pay you up to $5,000 to quit your job

Although it may sound counter-intuitive, Amazon is proposing a policy that no other company dares try. This probably isn't surprising coming from Amazon though, a company known for its wacky parcel delivery drone idea.

J.C. Penney announces closing of 33 stores nationwide

One of the oldest retailers in the United States, J. C. Penney has succumbed to a difficult and troubling past year. Investment and profit losses have eaten into the company's bottom line, forcing the layoff of employees and the closing of stores.

The Home Depot hiring 80,000 sales staff for spring

Home improvement retailer The Home Depot said it is hiring in North America 80,000 sales staff ahead of the anticipated demand for home improvements this coming spring.

Photo Essay: Agbeni Market — Ibadan's 'mother of markets' Special

Ibadan - Agbeni wholesalers market is the "mother of markets" in the city of Ibadan. The market specializes in wholesale distribution of processed household provisions and supplies produced by the light manufacturing industry in Lagos and Ibadan.

Browser tax levied upon Internet Explorer 7 users

An Australian online retailer has begun implementing a penalty on Internet Explorer 7 (IE7) users when purchasing items from their store using the browser.

Fashion retailer says it will stop retouching to alter shape

One women's fashion retailer has announced that it will no longer retouch any photos to alter the body shapes of models.

Wal-Mart cuts 11,200 jobs at Sam's Club warehouses

Wal-Mart Stores, the largest retailer in the U.S., is cutting a total of 11,200 jobs at Sam's Club, its membership warehouse division.

Electronics retailer Circuit City files for bankruptcy

Circuit City, a major retailer in brand-name consumer electronics and entertainment software in United States and Canada, has filed for bankruptcy. The move comes one week after saying it would close about 20 per cent of its stores.

GameStop to Buy France's Micromania for $700 Million

The world's largest video-game retailer, Gamestop Corp., agreed to buy France's Micromania for $700 million, including the debt, to enter Europe's second-biggest video game market.

Apple Is Now the #1 US Music Retailer

A document has been leaked that shows that in January Apple sold more music than any other retailer in the United States, beating out Wal-Mart & Best Buy.

Best Buy reports $43M Profit from 'unused' Gift Cards

Apart from earning interest on the money on gift cards, retailers like Best Buy are profiting heavily from unused gift cards. So effectively, they are getting money for goods that are still unsold.
 

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A Radio Shack store is seen at the West Valley Mall in Tracy  Calif.  60 miles east of San Francisco...
A Radio Shack store is seen at the West Valley Mall in Tracy, Calif., 60 miles east of San Francisco.
Davidcaballero864/Wikimedia Commons
A JC Penney Store in Aventura Mall in Aventura  Florida  image taken on February 21  2006.
A JC Penney Store in Aventura Mall in Aventura, Florida, image taken on February 21, 2006.
Jaranda
An online shopping section for retailer Lululemon
An online shopping section for retailer Lululemon
From Lululemon.com
Wet Seal
Wet Seal
Mike Mozart
OVERSTOCK: The Oakland-Alameda County Coliseum bearing the O.Co. name is seen from the Coliseum BART...
OVERSTOCK: The Oakland-Alameda County Coliseum bearing the O.Co. name is seen from the Coliseum BART Station in 2015.
Weegee010/Wikimedia Commons
Best Buy headquarters
Best Buy headquarters
Chad Davis, courtesy of Wikimedia Commons
A Zara store in Singapore.
A Zara store in Singapore.
Terence Ong

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