The clothing chain Esprit filed for bankruptcy in Belgium on Monday, as part of a “vast restructuring”, according to a press release from the parent company on the Hong Kong stock exchange. ■ Report by C. Verbruggen, C. Carpreau and P. Bourrières “The global economic slowdown, combined with a sharp rise in energy and logistics … Read more
Esprit closes fifteen stores in Belgium, 148 employees lose jobs, the BBTK union said on Monday evening. BBTK representative Inge De Beul says in an initial response that things have been going badly for Esprit stores in our country for some time, some of which were operating at a loss. “The fifteen retail stores are … Read more
Are dollar discount stores a benefit or hindrance to local economies? Why Dollar Stores are Facing Closures and the Future of the Industry Background The retail industry has recently seen a wave of dollar discount stores facing closures, with the news of 99 Cents Only Stores shutting down its 371 locations along with the closing … Read more
Target and Dollar General Adjust Self-Checkout Policies Target and Dollar General Adjust Self-Checkout Policies Retailers adapting to changing customer preferences Target and Dollar General, two major players in the retail industry, are making significant changes to their self-checkout policies. Target will now limit its self-checkout lanes to customers with 10 items or less, while Dollar … Read more
The claim: Walmart is charging customers $98 to use self-checkout A recent Facebook video sparked controversy when it claimed that Walmart had started charging customers $98 to use self-checkout. The video showed people running from store security and scanning incorrect barcodes. The narrator alleged that this policy was implemented by Walmart to combat theft and … Read more
Revival in discount brands in Martinique! Known under the name “Leader Price”, these distribution stores specializing in the sale of products at reduced prices are changing their name after 30 years of existence. Following the sale of 550 of its brands in France in 2020 and the financial difficulties of its owner the Casino group, … Read more
Zara parent Inditex, the world’s largest publicly traded fast fashion company by sales, is taking on China’s Shein, which is sweeping everything in its path. Faced with pressure due to its economical prices and shipping products directly to the consumer, without physical stores, Inditex decided to expand the store network of the “Lefties” brand. Zara … Read more
Retail The toy chain ToyChamp and furniture seller Jysk are acquiring eleven of the 29 Fun stores through a joint bid. Toys will continue to be sold at nine of those locations. The Belgian toy store chain ToyChamp has announced that nine locations where Fun stores were located will continue to sell toys. The stores … Read more
If the winemakers and retailers of New York City are dealing daily with thieves in their businesses, already facing theft, physical and verbal attacks, as something normal, workers in large department stores, in another proportion, They also suffer from the increasing trend of robberies and the risks of violence. But in this case, the threat … Read more
Handyman, a retail chain that sells parts for household appliances, was declared bankrupt this week. This includes 38 of the 48 stores throughout the Netherlands. This is evident from a ruling by the bankruptcy court in Breda. The exact cause of the bankruptcy is still unclear. Handyman, a retail chain that started in 1974, sells … Read more