by Beth Holmes | Nov 22, 2021 | Companies, News
Cargo rates and delays are proving a nightmare for many retailers, just when they should be making their largest sales push of the year. For years, efficiency in retail has meant products arriving exactly when they’re needed. Storage is expensive, and keeping...
by Admin | Mar 28, 2018 | Companies, News
Times have changed in America. In a previous era, not too long ago, we used to go to malls and shop in stores; now, we can simply get our shopping done online. The traditional brick-and-mortar retailers are feeling the pain. According to CNN Money, another one is now...
by Admin | Sep 20, 2017 | Companies, News
On September 18, toy retail giant Toys R Us filed for voluntary Chapter 11 bankruptcy protection in the U.S. and Canada. The bankruptcy filing is just the latest in a string of bankruptcies that are shaking up the retail world. According to CNBC, Toys R Us has $4.9...
by Admin | Jun 14, 2017 | News
As of June 13, more than 300 retailers have filed for bankruptcy this year. The year is less than half over, but the number of bankruptcies is set to become the highest since the Great Recession. Among the casualties thus far: Gymboree, rue21, Payless ShoeSource,...
by Admin | Jan 19, 2017 | Companies, News
While many brick-and-mortar stores such as Macy’s and American Apparel are closing doors due to financial troubles, Walmart is expanding at a significant rate. The world’s largest retailer is planning on opening 59 new stores throughout the country this year, which...
