Eddie Bauer’s operator files for bankruptcy, vows store openness during restructuring
A retailer operating Eddie Bauer filed for bankruptcy but will keep its stores open during restructuring while it works to reorganize debt and preserve operations.
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Retailer
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Retailer HTML leaks Steam Machine price estimates
A Czech retailer’s page leaks estimated Steam Machine prices—about $950 for the 512GB model and $1,100 for the 1TB model. The figures aren’t official and could include retailer margins, but they suggest the device may not yet offer console-competitive pricing, prompting questions about its appeal.
Slovenian Retailer Prepares for Switch 2 Launch with Road Trip
A Slovenian retailer drove to Italy to personally pick up a large stock of Nintendo Switch 2 consoles ahead of its official launch, fearing supply issues and aiming to stock their store for the summer, while also considering the risks of early sales and Nintendo's remote disabling features.
Major Retailer Shuts Down Nationwide, Launches Liquidation Sales
American Freight, an Ohio-based furniture and appliance retailer, is closing all of its 370 stores nationwide, including five locations in the Greater Cincinnati area. The closures are part of a complete shutdown of the company's operations.
Dollar General Stock Plummets as Outlook Slashed and Sales Decline
Dollar General's stock experienced a significant decline after the retailer reduced its outlook due to weaker sales trends and increased capital expenditures, falling short of earnings expectations.
"Mattel's Dickson Takes the Helm as Gap's New CEO Amidst Struggles"
Gap has named Mattel executive, Richard Dickson, as its new CEO, ending a yearlong search for a leader. The announcement caused Gap's stock to rise.
Lucky buyer receives Pixel Fold early and praises standout feature.
A Reddit user in the UK received their Pixel Fold four days early, suggesting units are in warehouses ready to be shipped. The retailer is not named, but the Friday arrival suggests the unit slipped through the date hold and/or was accidentally sent to shipping rather early. The earliest Google Store delivery period is August 2-10 in the US, while Verizon says it will deliver by July 18. In Japan, the Pixel Fold’s release date had been delayed from the middle to the end of July.
Bed Bath & Beyond's Stock Plummets, Bankruptcy Looms.
Bed Bath & Beyond's stock price has hit a new low, putting the retailer at risk of bankruptcy once again. The company narrowly avoided filing for bankruptcy in February with a billion-dollar public equity offering, but the threat remains.
Bed Bath & Beyond's Reverse Stock Split Plan Causes Share Drop.
Bed Bath & Beyond plans to seek shareholder approval for a reverse stock split at a ratio in the range of 1-for-5 to 1-for-10, with the final ratio to be decided by the board. The struggling retailer's shares dropped 13% in extended trading following the announcement. The move is intended to generate greater investor interest in the company and better position it financially as it fights to stave off bankruptcy.