Search results
Results from the WOW.Com Content Network
Nike, Inc. announced plans to shift towards e-commerce and decrease its retail partners from 30,000 to 40. [224] Nine West filed for bankruptcy on April 6, 2018. It closed all 70 of its retail stores, shifting to online only. [225] Nordstrom was unable to go private in 2017 due to the retail apocalypse. [226]
The problems that have plagued retailers like Macy's and Sears are now hitting the restaurant industry.
Retailers on average saw a 26.5% increase in Organized Retail Crime in 2021, according the National Retail's Federation most recent survey.One contributor to the rise in retail crime has been the ...
Retail: After struggling to maintain business levels at its brand names Karstadt and KaDeWe, Arcandor sought help from the German government, and then filed for insolvency. Hypo Real Estate: Germany: 5 October 2009: Banking: Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
Retail shrink — the loss of items to retail theft, organized crime, damage, vendor fraud, and other factors — was a $112 billion problem for the industry in 2022, according to the National ...
However, even with these problems, Walmart was performing better than Target in the measure of retail turnover, turning over its entire inventory 8 times a year as compared to 6.4 for Target. Walmart states it has 90% to 95% in-stock, but given inventory levels in United States stores, even this means the company could be foregoing $1.29 ...
Major U.S. retailers collectively lost a whopping $112 billion because of crime last year, according to a recent report from the National Retail Federation (NRF).