Tag archive for ‘Retailer’
News Brief On Saturday, June 18th, 2016

South Africa’s richest man Christo Wiese says stick around and have deep pockets

  Christo Weise, owner of Pepkor Holdings, the chairman of the nation’s biggest retailer Shoprite Holdings Ltd., 5 top retailers in the world with 6, 000 shops in three continents,  has some More...

News On Wednesday, March 2nd, 2016

Sports Authority Chapter 11 filing expected to land Wednesday morning

  Sports Authority, the troubled Englewood-based sporting goods retailer, is expected to file for bankruptcy protection Wednesday morning, sources familiar with the plans told The Denver Post. The More...

Ilan Shavit On Monday, October 5th, 2015

Neiman Marcus cuts 500 jobs ahead of $100 million IPO

Dallas-based chain Neiman Marcus laid off 500 corporate and support staff on Thursday, the company said. The move comes just two months after the Luxury retailer, which has a significant amount of debt: More...

Eli Horn On Wednesday, December 24th, 2014

Shares of Retailer Sainsbury Decline following Glitch in Online Service

J Sainsbury cancelled hundreds of shopping deliveries due to a website meltdown in the run-up to Christmas as a technical issue impeded the making or amending of orders on Sunday evening, with some users saying More...

Eli Horn On Tuesday, December 23rd, 2014

Clothing Retailer American Apparel Mulls Offer from Potential Buyer

American Apparel, the retail chain that ousted its controversial founder last week, said a buyer has expressed interest in acquiring the company for as much as $1.40 a share, confirming reports that have More...

Gil Tanenbaum On Tuesday, September 23rd, 2014

Israel’s Kenshoo Gets Top Ranking

Israel’s Kenshoo, a developer of predictive marketing software, has been ranked as the top search engine marketing and social media marketing solution provider in Internet Retailer’s “2015 Leading More...

Tibi Singer On Friday, August 29th, 2014

Spanish Fashion Retailer Pulls Holocaust Shirts, Apologizes

Spanish fashion retailer Zara is apologizing profusely for the coming up with the idea of vending a striped T-shirt bearing a yellow star and looking a whole lot like something prisoners would wear on their More...

Vered Weiss On Monday, August 25th, 2014

Convicted Real Estate Speculator Rene Benko to Take Over German Retailer

Read also: ‘Homeless Billionaire’ Nicolas Berggruen Finally Lets Go Of Failing Karstadt Department Store The German department store chain Karstadt is going to be sold to real estate shark Rene Benko,  More...

Vered Weiss On Friday, August 22nd, 2014

Eddie Lampert Continues to See Searing Results for his Troubled Retailer

Sears CEO Eddie Lampert doesn’t seem to have much luck in the U.S. or Canada. The iconic retailer has been ailing the past few years in both countries. Sears Canada reported its ninth loss in 14 quarters More...

Clive Minchom On Monday, July 14th, 2014

Enough Is Enough as Nicolas Berggruen Again Fails to Sell German Retailer Karstadt

– Buying Karstadt was an improbable dream for Berggruen, a nostalgic rescue mission for a Germany that no longer exists. – The German magazine Focus yesterday claimed that Austrian property investor More...

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