Toys "R" Us plans to shut down its U.S. operations, eliminating the jobs of some 30,000 employees while spelling the end for a 70-year-old retailer known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot.
Signet Jewelers Ltd., which operates at least 18 stores in the Indianapolis area and thousands nationwide, is betting that a shift online can help pull the company out of a sales slump.
Starbucks Corp. Chairman Howard Schultz said he sees a blessing in all the retail vacancies across the United States—landlords are beginning to reduce rents.
Retail conglomerate Genesco Inc. said Tuesday that it has hired an outside firm to advise it in the potential sale of Zionsville-based Lids Sports Group, its weakest-performing division.
The world's largest toy chain is planning to close about 180 Toys "R" Us and Babies "R" Us stores nationally as part of a reorganization plan to emerge from its September bankruptcy, according to a court filing.
The company filed Chapter 11 documents late Monday in U.S. Bankruptcy Court in Richmond, Virginia. The chain secured $3 billion in debtor-in-possession financing to stay open while it restructures, according to a company statement.
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