• Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources

    2 monthes ago - By Reuters

    Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday.
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  • Why Amazon, Alibaba, and JD.com are opening brick-and-mortar stores in the midst of the retail apocalypse

    Why Amazon, Alibaba, and JD.com are opening brick-and-mortar stores in the midst of the retail apocalypse

    2 monthes ago - By Business Insider

    This is a preview of a research report from Business Insider Intelligence. Current subscribers can read the report here .
    If we're living through a “retail apocalypse” that spells doom for brick-and-mortar retail, as many have suggested, why are e-commerce leaders like Amazon , Alibaba , and JD.com so focused on building their own brick-and-mortar networks?
    It's because they want to revitalize physical stores by introducing features associated with online shopping like personalization - and a whopping 65% of consumers said personalization and promotions are most important to their shopping...
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  • Hundreds of Sears stores could soon close - here's what might replace them

    Hundreds of Sears stores could soon close - here's what might replace them

    2 monthes ago - By Business Insider

    Sears could close hundreds of stores in the coming months as it nears bankruptcy .
    Mall owners are increasingly looking to attract gyms, off-price retailers, and grocery stores to the spaces left by dead department stores, according to a recent report by the commercial real-estate company JLL.
    Dead Sears stores have been replaced by Planet Fitness gyms, AMC movie theaters, Dick's Sporting Goods stores, and off-price stores like Burlington Coat Factory, according to the report.
    Shoppers could soon see new gyms, movie theaters, and sporting-goods stores replacing closed Sears stores.
    Sears...
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  • Sears is reportedly nearing a deal to immediately close certain stores and keep others open through Christmas

    Sears is reportedly nearing a deal to immediately close certain stores and keep others open through Christmas

    2 monthes ago - By Business Insider

    Sears is nearing a deal that would keep stores open for a few more weeks, with the goal of surviving until Christmas, CNBC reports.
    The deal would result in an uncertain number of stores closing immediately, according to the report.
    Media outlets reported earlier this week that Sears is on the verge of filing for bankruptcy.
    Sears is reportedly nearing a deal that would keep stores open into the holiday shopping season.
    The retailer is coming close to a deal that would result in some stores shuttering immediately while others would stay open, CNBC reports, citing people familiar with the...
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