Retail Sector

$300-million Takeover Bid for American Apparel; Will I be a Come Back for Dov Charney

American ApparelAmerican Apparel, the Los Angeles, California based American clothing company has received a $300 million takeover offer from an investor group. The investor group Hagan Capital Group and Silver Creek Capital Partners is supporting the comeback of Dov Charney, the company's ousted chief executive.

Macy’s Shuttering Stores May Invite Trouble for Other Tenants in Malls

MacyHurt by sluggish sales and weaker revenue, Macy's Inc. decided to shutter forty stores. The action may help the retailer to save some money but is surely going to hurt some others.

The Macy's department store very often attracts shoppers in malls which intern help the other businesses under the same roof. But when these stores shutter, the traffic in the malls can go down noticeably according to some analysts.

Shares of Dick Smith Holdings Ltd Go Into Trading Halt

Shares of Dick Smith Holdings Ltd Go Into Trading HaltThis morning, Dick Smith Holdings Ltd, the electronics retailer's shares went in a trading halt waiting for an announcement 'be made in respect of the company's funding position and debt financing covenants.'

Citing High Renting Cost Toys ‘R’ Us Closes Shop in Times Square

Citing High Renting Cost Toys ‘R’ Us Closes Shop in Times SquareMany people came to the Toys "R" Us flagship store in Times Square on Wednesday for the last time before it closed down for good.

The huge superstores shelves were clean, and the aisles were left empty on Wednesday night as the American toy and juvenile-products retailer headquartered in Wayne, New Jersey shuttered its massive flagship store in Times Square.

Police Urges Boxing Day Sale Shoppers to be Patient as Heavy Traffic Causes Chaos

Police Urges Boxing Day Sale Shoppers to be Patient as Heavy Traffic Causes ChaosAfter the Christmas shopping now the bargain hunters are out for the Boxing Day sales. Some were out early and the long queue in the morning at The Base shopping centre in Te Rapa, north Hamilton was surely proved that.

Shoppers Wait in Queue to Access Target Website on Cyber Monday

Shoppers Wait in Queue to Access Target Website on Cyber MondayShoppers in the U. S who wait for attractive deals and want to avoid the holiday rush look for deals on Cyber Monday.

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