This Is How Many Stores Close If JC Penney Goes Under

Reuters reports that J.C. Penney Co. Inc. (NYSE: JCP) has hired restructuring specialists as its path to financial viability narrows. J.C. Penney claims it sometimes taps “external advisors to evaluation opportunities.” Whichever claim is true, one thing is certain. Time is running out for J.C. Penney to avoid the fate of retailers such as Toys “R” Us and Sears. The […]

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Goldman Sachs downgrades Levi Strauss, Ralph Lauren and Calvin Klein parent PVH on department store concerns

Concerns about the wholesale channel sparked downgrades of Levi Strauss & Co. LEVI, -6.05% Ralph Lauren Corp RL, -3.85% and Calvin Klein parent PVH Corp. PVH, -3.32% at Goldman Sachs. The downgrades sent each of the apparel stocks down, with Levi Strauss tumbling 4%, Ralph Lauren falling 3.7% and PVH down 3.4% in Wednesday trading. Goldman expects headwinds for the […]

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Grocery Outlet’s off-price model is poised for growth — as long as the shelves stay stocked

Grocery Outlet Holding Corp. is poised for growth, according to Morgan Stanley analysts led by Simeon Gutman, as long as the off-price grocer can keep goods on the shelves. Morgan Stanley was among at least four analyst initiations for Grocery Outlet GO, +4.64%  on Monday; analysts there rate the stock equal-weight with a $30 price target. Grocery Outlet shares began […]

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Charming Charlie going out of business, will close all 261 stores in Chapter 11 bankruptcy

Jewelry and accessories retailer Charming Charlie filed for Chapter 11 bankruptcy Thursday with plans to close all of its 261 stores in 38 states. The filing marks the company’s second Chapter 11 case, qualifying as what restructuring industry professionals call a “Chapter 22” bankruptcy. Charming Charlie closed about 100 stores during its previous bankruptcy, which ended in April 2018. The […]

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More store closings coming: An estimated 12,000 shops could close by the end of 2019

The retail apocalypse isn’t showing any signs of slowing down. Six months into 2019, there have already been 20% more store closings announced than in all of 2018, according to a new report from global marketing research firm Coresight Research. Based on Coresight Research’s figures and retailers’ earnings reports, more than 7,000 stores are slated to shutter this year with thousands of […]

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How to Become a Retail Legend: Recognize That “Selling” Isn’t the Whole Story

Actions speak louder than words, or so they say. But if you're trying to understand what makes a person tick, letting them explain their actions isn't so bad a method. For this Rule Breaker Investing episode, host David Gardner is delivering his tenth "Great Quotes" themed show, and he leads it off with an unusually long quote from a businessman […]

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