Kwik Save shuts 79 stores
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Business & money: Supermarket chain to cut several hundred jobs, three months after saying its future was secure.
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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., the nation's No. 2 chain of consumer electronics stores, said Wednesday it will close 19 superstores, five regional offices and a distribution center by the month's end as it attempts to improve its lagging finances.
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The retailer's same-store sales decline.
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Sprint Nextel is laying off about 4000 employees and closing retail outlets after losing more than 100,000 customers in the last quarter.
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Up to 1200 store staff employed by US supermarket operator Kmart face redundancy as Home Depot takes over 13 properties following an early summer agreement.
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Retailer Macy's Inc said on Friday it would close nine underperforming stores in Indiana, Ohio, Louisiana, Oklahoma, Utah and Texas.
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Wal-Mart Stores Inc. has closed an online movie download service it launched less than a year ago.
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CheckUps, a start-up operator of walk-in medical clinics, has shut down 23 of the clinics operating in Wal-Mart stores in Florida and three other Southern states.
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By early afternoon, word had spread and dozens of customers crowded the bookstore's aisles. One of the nation's largest black-owned bookstore chains, Karibu, will be closed by mid-February, and people brought their shock and sadness to Bowie Town Center, along with their checkbooks.
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In a move possibly intended to shift focus to its efforts in retail stores, computer manufacturer Dell Inc. said that it will shut down its retail kiosks in about 140 malls nationwide.
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Struggling clothing retailer Wet Seal Inc. said it will close about 150 underperforming stores as part of a major restructuring plan and lay off about 2,000 employees.
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Dell is closing down 140 of its Dell Direct kiosks in malls throughout the U.S.
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Retailer Macy's Inc  said on  Friday it would close nine underperforming stores in Indiana,  Ohio, Louisiana, Oklahoma, Utah and Texas.
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Saks Fifth Avenue Enterprises plans to close its Off 5th store in the 100 Oaks Mall in Nashville. The closure is one of three Off 5th locations the company is shuttering, along with eight of its Saks Fifth Avenue stores.
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Dell on Wednesday announced the shutdown of retail kiosks in malls throughout the United States as it adjusts its evolving product distribution strategy.The closings comes at a time when Dell is repositioning its retail strategy to attract more customers by selling products through its Web site, retail outlets, and over the phone.Dell had&#160;more than&#160;140 kiosks, called Dell Direct stores, for customers to buy products, including PCs, TVs, and printers. Dell representatives staffed the kiosks and assisted buyers in choosing products and placing orders. The kiosks didn&#39;t actually carry inventory, so products were shipped to buyers.This change does not impact Dell Direct stores in Canada, Asia-Pacific, and Japan, said Lionel Menchaca, digital media manager at Dell in a blog entry. The company has about 50 stand-alone kiosks outside the United States.&quot;We started offering Dell systems through retailers about six months ago, and now customers can buy Dell desktops and laptops through more than 10,000 retail outlets worldwide,&quot; Menchaca wrote.The needs for kiosks declined as retail stores provide more accessibility to Dell products, said Dell spokesman David Frink. The kiosks, introduced in 2002, are being closed immediately, Frink said.The shutdown might lead to laying off employees who staffed the kiosks, Frink said. He declined to comment on an exact number of layoffs and charges that the company might take relating to the shutdown.Dell has expanded its in-store offerings over the last six months by signing up retailers globally to sell its products, including&#160;Best Buy&#160;and&#160;Wal-Mart&#160;in the United States, Tesco in the United Kingdom, and Bic Camera in Japan.The kiosks were just an expansion of the company&#39;s online and catalog sales, said David Daoud, an analyst at IDC. &quot;If anything, it shows that Dell doesn&#39;t want kiosks to compete with the brick-and-mortar stores,&quot; he said. Customers prefer to buy products online or at a store, so having kiosks doesn&#39;t fit with Dell&#39;s evolving U.S. business model, Daoud said.However, kiosks will be an effective tool to facilitate brand awareness for Dell in the international and emerging markets, especially for customers who can&#39;t go online, Daoud said. Though it has a significant enterprise presence internationally, Dell has the potential to grow in the consumer space, Daoud said.Dell&#39;s retooled retail strategy has helped the company expand its lead over Hewlett-Packard as the&#160;largest U.S. PC vendor in the fourth quarter of 2007, according to figures from analyst firms Gartner and IDC. However,&#160;HP remained the world&#39;s largest PC dealer, topping Dell, Acer, and Lenovo, according to figures from both firms.
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Circuit City said it was closing about 70 stores, most of them in Canada, and that its chief merchandising officer had left the company.