The chain has struggled for years. Its parent company, Dollar Tree, cited inflation, theft and reduced government benefits as challenges that had prompted the closings.
Category: Shopping and Retail
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Outdoor Voices to Close All Stores This Week
The athleisure retailer will go online only, according to employees who were surprised by the announcement.
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Walmart Wants to Teach Store Managers Compassion
The retailer brings about 2,000 managers a year to its headquarters to discuss how to relate to workers and customers, part of a U.S. corporate trend.
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After 120 Years, This Munich Jeweler Has Decided to Move
Hemmerle is leaving its historic boutique for a discreet suite down the street. “It’s more in line with who we are today,” Christian Hemmerle said.
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Activist Investors Raise Bid for Macy’s
The new offer values the department store chain at $6.6 billion. Macy’s, which just announced a strategy to turn around its business, said it would “carefully review” the proposal.
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Shrinkflation 101: The Economics of Smaller Groceries
Have you noticed your grocery products shrinking? Here’s how that gets counted — and what gets missed — in inflation data.
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Ahead of Paris Fashion Week, Colette Co-Founder Curates Another Retail Space
The founder of the pioneering Parisian concept store curates a new space with Le Bon Marché.
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Bruce Newman, Leading Man of Antiques, Dies at 94
He oversaw Newel Galleries and its over-the-top treasures that embellished Broadway and Hollywood sets and the living rooms of movie stars and a first lady.
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Levi’s Wants You to Rethink Your Denim Shopping
Under a new chief executive, the brand known for jeans is aiming to be a full outfitter, working primarily through its own stores and e-commerce.
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Macy’s Will Close 150 Stores but Expand Bloomingdale’s and Bluemercury
The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.”
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Trans Women and Cross-Dressers Found a Haven in Michael Salem’s Boutique
Michael Salem built a retail business by selling to customers like male cross-dressers and transgender women at a time when serving both was more taboo.
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F.T.C. Sues to Block Kroger-Albertsons Grocery Store Deal
The regulator is trying to stop the largest supermarket merger in history, arguing that the deal would eliminate competition and raise prices for consumers.