Palm to Close Most of Its Retail Stores
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Losing sales to BlackBerrys and iPhones, the smartphone maker said it will close seven of its eight retail stores in February.
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Soon after announcing plans to sell stake in company to venture capital firm, Palm cuts unspecified number of jobs Thursday, CNET News.com has learned.
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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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THE REGION CompUSA Inc. says it will close six of its seven stores in Massachusetts by May 31 as part of a restructuring plan that calls for shuttering more than half its stores, spokeswoman Jessica Nunez said. Chief executive Roman Ross cited "changing conditions in the consumer retail electronics market." In Massachusetts, the chain plans to close stores in Framingham, ...
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Retailer Saks Inc.  on Friday said it will close eight of its luxury Saks Fifth Avenue stores and three of its lower-price Off 5th stores, resulting in a loss of 700 jobs at those stores.
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Apple has activated previously-announced plans to close its Music Store to users of earlier versions of iTunes. The company revealed its intent last month, when iTunes users accessing the
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Record sales, but numbers still down Palm is still losing money, despite the Centro selling in record numbers (for Palm). The company lost $9.6m in the three months to 30 November, on revenues which are down 11 per cent on last year to $349 million.â¦
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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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Palm laid off about 10 percent of its work force this week to cut expenses, according to a person familiar with the situation.
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Teen fashion retailer The Wet Seal Inc. said Tuesday it plans to close around 150 stores and lay off about 2,000 employees as part of a strategy to cut costs.
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Retail stores owned by Apple will be closed from 2PM to 6PM on Friday, prior to the iPhone's release.
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com. In a retreat from the US PDA market, where it once was a dominant player, Sharp Electronics reported Wednesday that it is cutting back on its PDA offerings in the US retail market.
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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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Department store operator Saks Inc. plans to close 11 locations, including the 42-year-old Saks Fifth Avenue in Garden City, the company said Friday.
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Palm Inc., the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to a person familiar with the situation.
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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.
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New York retailing group Saks said Friday it will close 11 stores and shed 700 jobs. The company said it will close down eight Saks Fifth Avenue stores and three Off 5th Avenue