Tag: store

BUSINESS

The Oldest Men’s Store In U.S. File For Bankruptcy

Brooks Brothers, the oldest men’s clothier in the United States and headquartered on Madison Avenue in Manhattan, New York City, has filed for Chapter 11 bankruptcy protection. Founded in 1818 as a family business, the privately-owned company is owned by the Italian billionaire Claudio Del Vecchio. The brand also produces clothing for women, and Zac Posen has been its creative […]

BUSINESS

Victoria’s Secret Reveals Closure Of 53 Stores

Victoria’s Secret, the American designer, manufacturer, and marketer of women’s lingerie, womenswear, and beauty products is shedding more of its clothing stores. L Brands Inc., owner of the lingerie chain, recently announced that it plans to close about 53 Victoria’s Secrets in North America this year, more than three times its yearly average of 15 in the recent past. Victoria’s […]

BUSINESS

Closing Soon A Payless ShoeSource Store Near You!

Payless ShoeSource Inc., the American discount footwear retailer headquartered in Topeka, Kansas, has announced plans to close all of its 2,100 remaining stores in the United States and Puerto Rico, thus joining a list of several other stores to close shop in the last year. The company in a statement said, “Payless will begin liquidation sales at its U.S. and […]

NEWS

New York City Gets Amazon Brick And Mortar Store

Amazon.com, also called Amazon, the American electronic commerce and cloud computing company, recently opened its first brick and mortar bookstore in New York City. The online retail giant was founded on July 5, 1994, by Jeff Bezos and is based in Seattle, Washington. The company started out as an online bookseller, but today has grown from selling books to a […]

BUSINESS Commerce

Sorry We’re Closed

Over the past year, more and more established brand name stores are greeting customers with the goodbye wave sign — sorry we’re closed! One of the latest stores to announce its pulling down of shutters in various locations is Abercrombie. This comes against a dismal fourth quarter performance report in which store sales fell by 13%. The new closures will […]