Stores

Joann Fabric and Craft Stores Announce Plan to Close 500 Locations Amid Bankruptcy Struggles

10 days ago

Amid a significant financial restructuring process, Joann Fabric and Craft Stores have revealed plans to shutter 500 of their retail locations across the United States. This decision comes as the company grapples with mounting debt and a struggling business model, necessitating a major overhaul to stabilize its operations.

Couche-Tard Intensifies Pursuit of 7-Eleven's Parent Company Amid Competitive Landscape

3 months ago

Alimentation Couche-Tard, a prominent player in the convenience store sector, has reaffirmed its ambition to acquire the parent company of 7-Eleven, Seven & I Holdings, despite a challenging negotiation environment. The Canadian retail giant has not wavered in its strategy and remains optimistic about striking a deal.

Femsa Surpasses Profit Expectations Thanks to Increased Ticket Prices at OXXO Stores

4 months ago

Mexican beverage and retail giant Femsa has reported impressive profit figures for the recent quarter, largely driven by higher ticket prices at its extensive chain of OXXO convenience stores. In a market where consumer spending has been under pressure, Femsa's ability to increase prices without deterring customers serves as a remarkable case study of adaptability and resilience in the face of economic challenges.

Starbucks Suspends 2025 Financial Guidance Amid Declining Same-Store Sales

4 months ago

Starbucks Corporation has recently made headlines with the announcement of its decision to suspend its financial guidance for the 2025 fiscal year. This development comes in light of disappointing performance in same-store sales, which have dropped significantly compared to projections. The coffee giant reported that its U.S. same-store sales for the fourth quarter fell by 2%, raising concerns among investors about the company’s growth trajectory in a changing retail environment.

Starbucks to Pull Princi Pastry Brand from Many Reserve Stores

5 months ago

In a strategic about-face, Starbucks Corporation is eliminating the Princi pastry brand from many Reserve locations. The move marks a stark change of direction for the chain's approach to upscale Reserve stores that have until now comprised the primary showcases for the artisan bakery's products.

IKEA to Experiment with Smaller Stores in China to Attract Wary Shoppers

5 months ago

In a strategic pivot to meet changing consumer behaviors in China, IKEA is about to try smaller store formats in order to lure more cautious shoppers. The global furniture retail giant is counting on the new approach to rejuvenate its fortunes in the Chinese market, where lately consumer preferences have shifted towards thriftier, easier ways of shopping.