Wet Seal to Close About 150 Stores
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Struggling clothing retailer Wet Seal Inc.  on Tuesday said it will close about 150 underperforming stores as part of a major restructuring plan and layoff about 2,000 employees.
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Business & money: Â· Employees had worked for six weeks without pay  Â·  90 stores to close but 56 may survive
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New regulations are keeping some fancy foods out of stores
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Wet Seal Inc. WTSLA.O may have little  choice but to close hundreds of its teen-oriented stores and  convert dozens more to its upscale Arden B. brand if it hopes  to stay out of bankruptcy, analysts said on Friday.
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Pittsfield, Mass.-based toy retailer KB Toys Inc. said it will close 141 to 238 underperforming stores by Jan. 31, 2005. Two stores in Washington -- at Three Rivers Mall in Kelso and Tacoma Mall in Tacoma
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Saks Fifth Avenue Enterprises said Friday it will close five Saks Fifth Avenue stores in California. In all, the company will close eight stores and one Off 5th nationwide.
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The government warned consumers and retailers Monday to take urgent action to rid their shelves of more than 90 different products, from chili sauce to corned beef hash to dog food, produced at a plant linked to a botulism outbreak. Castleberry's Food Company closed the suspect plant.
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Organisation will temporarily close operations in St Petersburg and Yekaterinburg after 'pressure'
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Circuit City Stores Inc., the nation's No. 2 consumer electronics retailer, said Thursday it plans to close seven domestic Superstores, a Kentucky distribution center and 62 company-owned stores in Canada to cut costs and improve its financial performance.
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SAN DIEGO -- Saks Fifth Avenue Enterprises announced Friday it intends to close eight Saks Fifth Avenue stores nationwide, including the La Jolla location.
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The companyâs chief executive, Howard Schultz, announced that he would close 100 underperforming stores in the United States, though he did not identify the locations.
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Circuit City Stores Inc.  on Wednesday said it would close 19 superstores, five regional offices and a distribution center by the end of the month, a day after the struggling electronics retailer received a &#36;3.25 billion takeover offer.
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Dell Inc., which has been pushing its computers into more retail stores, said Wednesday it will close its 140 shopping mall kiosks in the United States.
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Apparel retailer Talbots Inc  said on Friday it will exit its Talbots Kids and Mens lines, and close 78 U.S. stores by September.
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Struggling clothing retailer Wet Seal Inc. (WTSLA.O: Quote, Profile, Research) on Tuesday said it will close about 150 underperforming stores as part of a major restructuring plan and layoff about 2,000 employees.
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Whirlpool Corp  said on Thursday  it planned to close two refrigerator plants and cut about 1,250  jobs in a restructuring expected to cost $15 million to $20  million.
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Circuit City Stores Inc. , the nation's number two consumer electronics retailer, said yesterday it plans to close seven domestic superstores, a Kentucky distribution center, and 62 company-owned stores in Canada to cut costs and improve its financial performance.