The number of distressed U.S. retailers has tripled since the Great Recession and now stands at the highest level since the end of the downturn, according to a recent Moody’s Investors Service report. The 19 retail and clothing companies on the distressed list include Sears and Kmart owner Sears Holdings, J. Crew, Payless, Claire’s, Rue21 and True Religion.
Category: Sears Holdings Corporation
Retail Stocks: What to Watch in 2017
The battle for your shopping dollars is intensifying. Here are the major trends that will shape the industry in the coming year.
Retail real estate heads for dark 2017
Reeling from a shaky holiday season and slowing mall traffic, U.S. retailers are facing increasing pressure to close stores as more of their business migrates to the internet. More than 10 percent of U.S. retail space, or nearly 1 billion square feet, may need to be closed, converted to other uses or renegotiated for lower rent in coming years, according to data provided to Bloomberg by CoStar Group.
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The job growth will represent less than 1% of the company’s current American workforce of about 1.5 million people. But it bucks the trend of major brick-and-mortar retailers, which have been slashing jobs and closing stores.
Walmart adding 10,000 U.S. jobs
The job growth will represent less than 1% of the company’s current American workforce of about 1.5 million people. But it bucks the trend of major brick-and-mortar retailers, which have been slashing jobs and closing stores.
Retail Sales Figures Bear Out America’s Storefront-to-Online Shift
Holiday sales at Macy’s Inc. , Sears Holdings Corp. , and J.C. Penney Co. were anemic and U.S. government data just confirmed it.