Jon Harris/The Morning Call – J.C. Penney Co. Inc. is slimming down its brick-and-mortar footprint as the department store chain continues its turnaround while navigating a tough climate in which traditional retailers are trying to grow online sales. The Plano, Texas, retailer announced Friday it expects to close 130 to 140 stores and two distribution centers […]
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A rocky road ahead for Macy’s stores in Tampa Bay
Justine Griffin/The Tampa Bay Times – The going out of business banners are visible from Fowler Avenue as drivers pass by the ailing University Mall. Soon, the mall’s anchoring Macy’s department store will close. When Macy’s announced it would close 68 stores nationwide this year amid slumping sales, the three stores from the Tampa Bay area […]
Macy’s for sale? Saks owner Hudson’s Bay is in the hunt
Suzette Parmley/The Philadelphia Inquirer – Reports surfaced late last week that the venerable – though struggling – Macy’s brand has been talking with a suitor – Hudson’s Bay Co. of Canada, which owns the Saks Fifth Avenue and Lord & Taylor chains. Speculation continued this week that the two are “talking,” according to several sources, including […]
Saks’ owner in talks to take over Macy’s
The Morning Call – Trading of Macy’s stock was briefly halted on Friday after its price shot up unusually quickly, a surge that appears to be fueled by a news report that the retailing giant is in preliminary talks to be acquired by Saks Fifth Avenue owner Hudson’s Bay, a Canadian department store empire. The […]
Save-A-Lot carves niche serving communities that Publix and others overlook
Justine Griffin/The Tampa Bay Times – Betty Duffey has a half-dozen several grocery stores vying for her business near her neighborhood in southern Pinellas County. Publix Supermarkets is 2.5 miles down the road and she’ll pass by a Winn-Dixie and a Walmart Neighborhood Market on the way there. Two miles in the other direction is an Aldi […]
Closings: What’s taking out some of your favorite Valley stores
Bethany Clough/The Fresno Bee – The graveyard of stores keeps growing. At least four stores – from national names to locally owned places – are closing in the central San Joaquin Valley. More closures are happening nationwide at stores like Sears, Macy’s and CVS and retail experts say more are coming. So what gives? Why is […]
