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Aldi Plans 120 Store Openings in 2023 as it Continues Omnichannel Push in U.S.

Aldi will open 120 new U.S. stores this year, maintaining aggressive growth despite many retailers slowing down their expansions in the face…

Amazon Developments: 8 Go Stores to Close, HQ2 Expansion Paused and $200 Million Planned for Transportation Safety

Amazon reportedly plans to close eight Amazon Go convenience stores as part of a larger restructuring of its physical footprint, according to…

Report: JCPenney Cuts 650 Jobs Across Operations as it Seeks New Texas HQ

JCPenney has cut 650 jobs across its stores, field operations and corporate offices, totaling approximately 1.5% of its workforce, according to The…

Report: Lord & Taylor to Return as Online-Only Retailer in April

Lord & Taylor will return from bankruptcy as a digital-first retailer in April under its new owner Saadia Group, according to multiple…

Amazon Cancels Plans For New York City Headquarters

Amazon is pulling out of its plans to build one of its HQ2 headquarters in Long Island City, Queens. The retail giant…

After Mass Layoffs At HQ, What’s Next For The Limited?

A few weeks after hiring a financial advisor to help explore a potential sale, Limited Stores LLC — also known as The…

JCPenney Increases Comp Sales 2.2% In Q2, Finds Buyer For Dallas HQ

It seems as though JCPenney is on track to turn its business around. The department store announced its second quarter financial results,…

JCPenney Lays Off 300 At Corporate Headquarters

JCPenney has cut 300 positions at its headquarters in Plano, Texas, representing a 9% reduction of the company’s 3,400-person corporate staff. The…

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