A prominent home improvement retailer with more than 400 stores across 47 states is reportedly considering a bankruptcy filing. According to a Bloomberg report sourced from unnamed sources, LL Flooring Holdings (NYSE:LL) – the Richmond, Virginia-based company...
The financially troubled discount retailer Big Lots Stores Inc. (NYSE:BIG) is planning to close between 35 to 40 stores this year. Chain Store Age reports the Columbus, Ohio-headquartered company operates more than 1,300 stores. However, the company has experienced...
The private equity real estate investment firm Aspen Real Estate announced its $24.7 million foreclosure purchase of the Las Vegas-based Renaissance III, which it described as underperforming shopping center. Located two miles from the University of Nevada-Las Vegas,...
HBC, the parent company of Saks Fifth Avenue, announced its $2.65 billion acquisition of Neiman Marcus Group (NMG), the parent company of Neiman Marcus and Bergdorf Goodman. At the completion of the transaction, HBC will establish Saks Global, which will encompass the...
Bob’s Stores, a 70-year-old apparel and accessories retailer focused on the Northeast, has filed for Chapter 11 bankruptcy protection and has begun liquidation sales at its remaining stores. Founded in 1954 as Bob’s Surplus, the company grew to a 34-store...
Better Authorizes $30 Million Stock Buyback While Pursuing Cost Cuts and UK…
