NEW YORK — The parent company of Fairway Market has filed a “prepackaged” Chapter 11 plan under which creditors will swap existing debt for new equity and debt in a reorganized company. The supermarketer, which has been weighed down by a heavy debt load and fierce competition in the greater New York market, filed for
HOFFMAN ESTATES, Ill. — Sears Holdings Corp., the corporate parent of Sears and Kmart stores, plans to shutter 68 Kmart stores and 10 Sears stores this summer in an effort to stem financial losses. Most of the stores will be closed by late July. “The decision to close stores is a difficult but necessary step
The entire multicultural beauty industry is undergoing seismic shifts in consumer behavior, demands and distribution. So how can mass retailers make multicultural beauty consumers feel welcomed/recognized/respected in their stores? How can they meet the needs of these consumers and make them loyal customers? The key words are: Inclusion, Access, Assortment and Engagement. The Global Beauty
More than a month has passed since the sudden and unexpected death of Tom Coughlin, most closely remembered and admired as the onetime vice chairman of Walmart. Though a decade and a half has passed since Coughlin’s retirement, he is still much on the minds of those who knew him and worked with him. That
As the U.S. marketplace is reshaped by the country’s growing cultural diversity, one of the pivotal consumer segments that every mass retailer will have to address is comprised of people whose heritage goes back to Spain, Mexico, Latin America and parts of the Caribbean. Hispanics are already the nation’s biggest minority group, whose 55 million