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The Wall Street Journal: American Apparel to close stores, streamline workforce
2015-07-06 16:09:00| Apparel - Topix.net
American Apparel Inc. on Monday unveiled plans to cut costs by closing underperforming stores and streamlining its workforce as the retailer looks to turn around its flagging business. said the moves, which are expected to save $30 million over the next 1 1/2 years, are aimed at helping the company adapt to headwinds in the retail industry and preserving jobs for the "overwhelming majority" of its 10,000 employees.
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street
american
journal
American Apparel to close some stores, cut jobs to reduce costs
2015-07-06 16:08:58| Apparel - Topix.net
The apparel seller expects to reduce costs by $30 million over the next 18 months. The company said even if revenue increases and costs are cut, there can be no guarantee it will have enough financing commitments to meet funding requirements for the next 12 months without raising additional capital, or that it will be able to raise that capital.
Tags: close
jobs
american
stores
Reebok to invest NIS 15m. in Israeli retail stores
2015-07-05 20:30:36| Footwear - Topix.net
Reebok International on Sunday announced plans to open a series of its retail stores in Israel at an investment cost of NIS 15 million. The ten "concept stores" will run alongside fitness complexes expected to be 2-2.5 times the size of the stores themselves.
Tags: stores
retail
invest
israeli
Shopping alert: Check out these news stores at Suria KLCC
2015-07-04 03:50:52| Apparel - Topix.net
Modern luxury accessories and lifestyle brand Coach has opened the doors at its newly refurbished Suria KLCC store. The 149sq m retail space is said to reflect the sophisticated yet playful refinement of New York - the city the brand has always called home.
Tags: news
shopping
check
stores
Retailers Waiting for Lease Expirations to Close Stores
2015-07-02 14:00:00| National Real Estate Investor
After a tsunami of store closing announcements during the first half of the year, experts forecast that the remainder of 2015 will be relatively quiet as retailers focus on getting through the holiday season. However, retailers will continue to shutter stores throughout the year as leases expire. read more
Tags: close
stores
waiting
lease
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