Chico"s FAS to close 250 stores in U.S. over three-year period as part of digital expansion

The retail store outlook is bleak for the US and UK, according to Coresight Research. Apparel stores suffered most in the US in 2020. Paul Hennessy/SOPA Images/LightRocket via Getty Images A Coresight Research report predicts a 14% i.....»»

Because of their work, Business Insider named the respondents in the survey to our annual list of the 100 people transforming business in 2020. Getty Images As part of this year's Transforming Business campaign, we polled the Tr.....»»

The coronavirus pandemic has highlighted the digital divide between Americans with and without broadband access as careers and education go remote. The spending allocates $3 billion for monthly rebates on internet bills. eyecrave/Getty Ima.....»»

Nike (NYSE: NKE) reported quarterly earnings of 78 cents per share on Friday, which beat the analyst consensus estimate of 62 cents by 25.81%. This is an 11.43% increase over earnings of 70 cents per share from the same period last year. read more.....»»

The company did not give forecasts for the fiscal year through March 2021.....»»

Swedish fashion retailer H&M said on Thursday its sales tumbled 57% from a year ago in local currencies during the March 1 to May 6 period as the novel coronavirus pandemic and restrictions to curb it kept most of its stores closed......»»

Business Insider/Jessica Tyler Lord & Taylor is reportedly preparing to liquidate its stores as soon as they reopen, Reuters reports. The nearly 200-year-old d.....»»

Toronto clothing retailer Roots Corp. said Wednesday it will close both its stores in Greater Washington. The closure of outposts in Georgetown and at the Fashion Centre at Pentagon City come as part of the liquidation of the apparel company’s U.S. .....»»

As grocery stores continue to remain a critical service during the COVID-19 pandemic, Jacksonville-based Southeastern Grocers announced an expansion of safety precautions and an upcoming closure for Easter. SEG, the parent company of concepts suc.....»»

‘If we get to the part of the curve where it goes down to essentially no new cases, no deaths for a period of time, I think it makes sense that you have to relax social distancing.’.....»»

Five Below (NASDAQ: FIVE) reported fourth-quarter earnings of $1.96 per share on Wednesday, which beat the analyst consensus estimate of $1.94 by 1.03%. This is a 24.05% increase over earnings of $1.58 per share from the same period last year. read more.....»»

Many of these companies — which include Everlane, Patagonia, and Apple — have confirmed they will pay employees for lost shifts during this period......»»

Many of these companies — which include Everlane, Patagonia, and Apple — have confirmed they will pay employees for lost shifts during this period......»»

Ralph Lauren Corp. said Tuesday that it will close stores across North America from March 18 through April 1. A number of stores in Europe and Asia are already closed due to the pandemic. Chico's FAS Inc. will also close stores ac.....»»

Kroger Co., parent of Pick 'n Save and Metro Market stores in greater Milwaukee, will close all stores at 10 p.m. in the Milwaukee area and several other markets as part of its response to the coronavirus outbreak. In addition, Wal-Mart Stores a.....»»

In the manufacturing world, it's beneficial for suppliers to be close to the original equipment manufacturer to cut down on things like shipping costs between facilities. That was a primary reason why Collins Aerospace, part of United Technologies Co.....»»

ESBP/STAR MAX/IPx Victoria's Secret has closed eight stores in Canada so far in 2020. A spokesperson said it has plans to close up to two more locations in the country.  The spokesperson added that these closures were related.....»»

Papa John's International Inc. said Wednesday the coronavirus that broke out in Wuhan, China late last year and has now sickened more than 80,000 people has forced it to close about 50 franchi.....»»

The current SkyStar wheel will close on March 2 and be replaced by a new, first-of-its-kind 180-foot high observation wheel about a year later. “We have become part of the Hamilton County community,” said Todd Schneider, managing partner of Sk.....»»

One of the nation’s top retailers will close one of its Phoenix stores later this year. Costco Wholesale Corp. (Nasdaq: COST) did not renew its lease for its store at the Christown Spectrum and will shutter the location at 1646 W. Montebello Ave......»»