Store Closing to Results in More “Dead Malls”

New York—The Old West isn’t the only site of “ghost towns.” According to one analysts, at least a dozen major malls are endanger due to recent announcements of store closings by major anchors. This week, JCPenney announced another seven stores will close this spring. Last week Macy’s Inc. announced it will shutter some 40 stores […]

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Aeropostale to Eliminate Jobs, But Reiterates Forecast

New York—Another retailer is reporting job cuts in an effort to counter dwindling sales. Today, Aéropostale announced a cost saving plan that would generate an additional $35 million in savings this year while eliminating 100 jobs. The teen specialty expects this new program to generate approximately $35 million to $40 million in savings this year […]

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