Conn’s HomePlus has filed for Chapter 11 protection with the United States Bankruptcy Court for the Southern District of Texas after revealing a store closing plan for 70 locations. However, if it is to emerge, a buyer may need to step forward. The Conn’s...
Ikea continues to open small-format stores, with the latest debuting in Katy, TX. The new Ikea “Plan and Order Point with Pickup” location is the second in the Houston market. The company stated the additional location would help it meet the needs of...
For its fiscal January, Costco Wholesale Corp. posted net sales of $22.08 billion, up from $21.13 billion in the year-previous month. With the effects of fuel prices and currency exchange excluded, comparable sales gained 3.4%, with those in the United States up 2.2%,...
As it adds new formats to spur growth, Macy’s continues to expand its off-price operation, adding 10 new Backstage store-within-store locations throughout the United States opening from May through July. With a treasure-hunt-oriented, ever-changing assortment of...
Nordstrom opens more Rack locations as the company continues evolving the off-price part of its business, with a new logo and branding initiative an additional part of the effort. The latest round of Nordstrom Rack openings announced included Macedonia, OH, a 28,000...