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Chico’s FAS Inc. has revealed plans to close more stores, cut jobs and decrease its capital spending to $100 million for fiscal 2015, a 29% decrease to its three-year average.
The Secretary of Homeland Security, Jeh Johnson, has warned shoppers at shopping centers to be vigilant after a terror group called for attacks at shopping venues in Canada, the U.K. and the United States, mentioning by name the Mall of America, in Bloomington, Minn.
The National Retail Federation has called for President Obama to become involved in the ongoing contract negotiations between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) if a deal is not reached.
It's official: The long-struggling RadioShack has filed for Chapter 11 bankruptcy protection. The 94-year-old retailer made its filing in U.S. Bankruptcy Court in Delaware, listing assets of $1.2 billion and total debt of $1.3 billion.