All articles tagged with #retail industry
Macy's plans to close 14 stores across 12 states in early 2026 as part of its 'A Bold New Chapter' strategy, focusing on stronger locations amid a broader plan to shutter 150 stores by the end of the year, despite recent strong holiday sales.
The article discusses the decline in shares of punk icon Dr Martens, highlighting the company's financial struggles and the impact on its stock value, reflecting challenges faced by the retail footwear industry.
In 2025, over 8,100 stores across the U.S. closed due to a wave of bankruptcies and economic challenges, including major brands like Bargain Hunt, Forever 21, Joann Fabrics, Liberated Brands, Party City, Rite Aid, and Sonder, reflecting ongoing struggles in the brick-and-mortar retail sector.
Circle Furniture, a New England furniture chain with over 70 years of history, abruptly closed all its stores and laid off employees just before Christmas, citing financial difficulties, with the closure described as 'until further notice' and raising concerns about the timing and impact on workers.
A discount retailer thrived in 2025 despite market volatility, and analysts believe its momentum can continue into 2026 due to strong performance and favorable industry trends.
Store Santa job postings have decreased by 35% in 2025 due to retail cutbacks, mall closures, and a shift to online shopping, but wages have increased to a median of $25 per hour, with employers now favoring candidates with real beards, reflecting a shrinking but higher-paid Santa workforce.
Target's announcement of layoffs and restructuring, including cutting 8% of its global corporate staff, signals internal struggles and may serve as an early warning sign for the broader economy, especially as retail giants like Amazon also announce layoffs amid economic uncertainty.
Target is implementing its largest corporate layoffs in over a decade, cutting 1,800 roles amid ongoing financial struggles and declining sales, as part of a broader restructuring effort to streamline operations and improve growth prospects.
Target is cutting 1,800 jobs, including 1,000 layoffs and 800 unfilled positions, as part of a major restructuring effort to address declining sales and streamline operations amid economic challenges and internal complexity, with COO Michael Fiddelke set to become CEO in 2026.
Target plans to lay off around 1,000 corporate employees and close 800 roles as part of a major restructuring under new CEO Michael Fiddelke, aiming to address sales slumps and operational inefficiencies, impacting its headquarters in Minneapolis and signaling significant changes in its business strategy.
Target is cutting about 1,800 corporate jobs, roughly 8% of its global corporate workforce, to streamline operations and focus on rebuilding its customer base amid declining sales and increased competition. The layoffs, mainly at its Minneapolis headquarters, are part of a broader effort led by new CEO Michael Fiddelke to improve merchandise selection, customer experience, and technology investment. The company aims to enhance decision-making and accelerate growth, while store employees and supply chain workers are unaffected.
Target plans to cut 1,800 corporate positions to enhance operational agility and decision-making, amid ongoing sales challenges and industry shifts, with affected employees to be informed soon and offered support.
Target is cutting 1,800 corporate jobs, about 8% of its headquarters staff, as part of a strategy to simplify operations and boost growth amid sales slumps and leadership changes, with affected employees receiving pay and benefits until January 3.
Costco's recent quarterly results were not perfect, but most key investor metrics remained strong, indicating solid financial health despite some shortcomings.
Dick's Sporting Goods has completed a $2.4 billion acquisition of Foot Locker, creating a combined company with over 3,200 stores worldwide. Mary Dillon has exited as CEO of Foot Locker, and Ann Freeman, a Nike veteran, has been appointed president of Foot Locker North America, amid leadership restructuring aimed at revitalizing the brand and expanding growth. The deal is expected to generate significant cost synergies and enhance global retail presence.