“We had relatively strong and steady job growth over the year despite a number of headwinds," an economist says.
The closures "will enable us to move forward with an appropriately sized store footprint and operating structure as an omnichannel retailer."
The $250 million real estate deal with a private equity firm "marks the first step toward unlocking valuable capital in our business."
Retailers offered omnichannel sales earlier in the season, "meeting consumers’ demand for the best deals across all channels and devices."
“We are not pleased with the third-quarter results and are focused on aggressively addressing operational issues," the struggling retailer says.
“The mall is getting more toxic," one analyst warns. "Mall traffic will likely continue to wane over the years ahead.”
“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."
The ailing retailer's third-quarter results gave investors “some hope” that its turnaround efforts are “gaining traction.”
The surprise resignation of CEO Art Peck has Wall Street "wondering whether the split could be delayed or abandoned altogether."
“Barneys is continuing to work towards a value-maximizing going-concern transaction," said a spokesperson.
The deal will roughly double the size of WH Smith’s international travel business.
The retailer conducted an extensive global search before appointing Fiddelke to succeed Cathy Smith.
