July 16, 2015

A supermarket chain that was founded two years before the Civil War began may be going the way of the Confederate flag.

June 24, 2015

Home furnishings giant Ikea is increasing the minimum wage it pays to U.S. employees in stores and some distribution centers for the second straight year.

June 16, 2015

In its filing, the company, which operates 268 stores, said it had up to $500 million in liabilities and up to $100 million in assets.

March 17, 2015

A winning bidder has reportedly emerged for the assets of The Wet Seal Inc., which declared bankruptcy in January 2015.

March 16, 2015

Dollar General Corp. plans to increase employee income by making more working hours available to them, as opposed to raising salaries.

January 27, 2015

Restaurants will remain the nation’s hottest hirer this year.  An annual report by the National Restaurant Association indicated that, as it has for the last 16 years, the restaurant industry employment will outpace employment growth in 2015.

January 16, 2015

In a move that was somewhat expected, The Wet Seal Inc. has filed for Chapter 11 bankruptcy. The move comes a week after the struggling teen retailer said it was closing 338 of its stores, leaving it with approximately 173 stores nationwide.

December 4, 2014

Deb Stores Holding LLC, owner of Deb Shops, has filed for Chapter 11 bankruptcy protection in Delaware, with plans to close  stores and sell inventory if it can’t find a buyer for the business. 

December 3, 2014

The City Council of Chiago has approved a boost in the minimum wage, gradually raising it to $13 an hour by 2019.

April 7, 2014

Coldwater Creek Inc. is planning to liquidate its assets after a bankruptcy filing that is expected to come soon, Bloomberg News reported.

March 28, 2014

Saddled with high levels of debt and sluggish sales, Brookstone Inc. is preparing to file for bankruptcy protection, with a plan already in place to be bought by specialty retailer Spencer Spirit Holdings Inc.

March 11, 2014

Plus-sized retailer Ashley Stewart has filed for voluntary Chapter 11 bankruptcy protection.

February 20, 2014

Gap Inc. will raise the minimum hourly wage for all U.S. employees to $9 in 2014, and then raise it again, to $10, in 2015.

October 21, 2013

Owners of garment factories in Bangladesh are reportedly prepared to raise the minimum wage they pay workers from 50%-80% and ask retailers to pay at least some of the extra cost.

July 26, 2013

The Great Atlantic and Pacific Tea Co. (A&P), which exited bankruptcy last year, is reportedly looking to sell itself. A report in the Wall Street Journal indicates that an internally distributed company memo from A&P chairman Gregory Mays to store managers states a sale of A&P is one of several options for funding growth, along with raising capital and refinancing.

July 17, 2013

Orchard Supply, which sought bankruptcy protection earlier this year, has won court approval of as much as $176.3 million in bankruptcy financing, according to a report by Bloomberg.

April 22, 2013
A Monday report by Forbes said that former Office Depot COO Mark Begelman has been charged with profiting off confidential information.
November 27, 2012

By Phillip M. Perry

Overcast with clearing skies — That’s the economic forecast from a major research firm as retailers enter a new year. Drizzly conditions will remain at least for the first half of 2013 as consumers hold tight to their pocketbooks. By the summer, though, light should break through the clouds as the resolutions of critical national uncertainties encourage corporate hiring, capital investment and consumer spending.

October 15, 2012

Deloitte’s Consumer Spending Index rose in September, aided by a near 11% gain in home prices.

September 12, 2012

Ritz Camera & Image LLC plans to go out of business after 94 years and close its remaining 137 stores after it failed in a bankruptcy auction to find a buyer to keep the camera chain afloat, the Chicago Tribune reported.

November 23, 2011

Consumer spending rose less than forecast in October as Americans even as personal incomes showed the biggest gains in seven months.

September 7, 2011

Consumers are spending more, but doing so in fewer transactions, according to American Express Business Insights’ most recent Business Insights Spend Sights report.

April 21, 2011

Oakland Mall is using social networking as a tool to get shoppers involved this Mother's Day to benefit Moms at Detroit Rescue Mission Ministries (DRMM), a non-profit agency dedicated to assisting the homeless and getting them back on their feet.

April 8, 2011

Blockbuster says a bankruptcy judge has approved Dish Network's $228 million offer for the chain, paving the way for a combination of the two companies.