REAL ESTATE

Metropark closing all stores

BY CSA STAFF

Boston — Clothing and accessories retailer Metropark has filed for bankruptcy and is closing all 69 stores nationwide.

The store closings and liquidations begin on May 6. Gordon Bros. Group and Hilco Merchant Resources are running the going-out-of business sales for the retailer.

Based in Los Angeles, Metropark was founded in 2000. Specializing in upscale trendy fashions, Metro Park has been feeling the heat of increased competition from such fast-fashion retailers as H&M.

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P.Lopez says:
Apr-10-2013 11:16 am

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The store closings and liquidations begin on May 6. Gordon Bros. Group and Hilco Merchant Resources are running the going-out-of business sales for the retailer. chatrandom

P.Lopez says:
Apr-10-2013 11:16 am

The store closings and liquidations begin on May 6. Gordon Bros. Group and Hilco Merchant Resources are running the going-out-of business sales for the retailer. chatrandom

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Bon-Ton unveils new designer menswear lines

BY CSA STAFF

YORK, Pa. — The Bon-Ton Stores and menswear designer John Bartlett unveiled on April 27 the inaugural collection from the partnership announced last fall. The collections will be available in all Bon-Ton stores in August.

Bud Bergren, president and CEO of The Bon-Ton Stores, commented, “We are very excited about our partnership with John. We believe John’s collection, along with our extensive portfolio of exclusive private and national brand offerings, is going to differentiate us from our competition. I think our customers will find John Bartlett Consensus and John Bartlett Statements to be right on trend and offer terrific value.”

John Bartlett will have to collections at Bon-Ton,Consensus and Statements. Consensuswill include poplin shirts, which will retail for $45, flannels ($45), argyle sweaters ($65), chunky cardigans ($85), jersey knits ($30), Fair Isle sweaters ($85) and corduroy pants ($65). The Statements offerings include suit separates, which will sell for $175 for the jacket and $75 for the pants, as well as neckwear ($32.50), dress shirts ($34 or $52.50), loungewear ($26 to $70) and outerwear ($125 to $200).

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Walmart to invest $756 million in Brazil

BY CSA STAFF

NEW YORK — Wal-Mart Stores said that by the end of the year it will have invested the equivalent of approximately $756 million to expand its operations in Brazil.

Marcos Samaha, president of Wal-Mart’s Brazilian subsidiary, said in a Tuesday statement that 1.2 billion reals ($755 million) will be used to build 80 stores, renovate existing locations and improve logistics.

Samaha says that the company’s expansion in Brazil, which is Latin America’s biggest economy, due to its "excellent economic growth potential." Brazil’s economy grew 7.5% in 2010 and may expand 4% in 2011, according to the quarterly inflation report published March 30 by Brazil’s central bank.

During the, past five years Wal-Mart has invested some $3.8 billion in Brazil to build 177 stores.

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