Palm to Close Most of Its Retail Stores
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Losing sales to BlackBerrys and iPhones, the smartphone maker said it will close seven of its eight retail stores in February.
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Teen fashion retailer The Wet Seal Inc. said Tuesday it plans to close around 150 stores and lay off about 2,000 employees as part of a strategy to cut costs.
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Retailer Saks Inc. (SKS.N: Quote, Profile, Research) on Friday said it will close eight of its luxury Saks Fifth Avenue stores and three of its lower-price Off 5th stores, resulting in a loss of 700 jobs at those stores.
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NEW YORK - Retailer Saks Inc. Friday said it will close its Saks Fifth Avenue upscale department stores in La Jolla and seven other locations and three of its lower-price Off 5th stores, affecting 700 jobs.
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Circuit City Stores Inc. CC.N on  Wednesday said it would close 19 superstores, five regional  offices and a distribution center by the end of the month, a  day after the struggling electronics retailer received a $3.25  billion takeover offer.
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Shipments of devices running the Palm OS have declined sharply, researcher says.
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Circuit City Stores Inc.  on Wednesday said it would close 19 superstores, five regional offices and a distribution center by the end of the month, a day after the struggling electronics retailer received a &#36;3.25 billion takeover offer.
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Department store operator Saks Inc. plans to close 11 locations, including the 42-year-old Saks Fifth Avenue in Garden City, the company said Friday.
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In a move possibly intended to shift focus to its efforts in retail stores, computer manufacturer Dell Inc. said that it will shut down its retail kiosks in about 140 malls nationwide.
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Palm Inc., the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to a person familiar with the situation.
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The flailing specialty apparel retailer will close 150 stores.
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U.S. retailers will close stores and reduce square-footage growth plans this year to offset slowing sales, slumping stock prices, a saturated market and a penny conscious shopper, analysts said on Sunday.
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New York retailing group Saks said Friday it will close 11 stores and shed 700 jobs. The company said it will close down eight Saks Fifth Avenue stores and three Off 5th Avenue
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Palm laid off about 10 percent of its work force this week to cut expenses, according to a person familiar with the situation.
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Sharp Electronics plans to stop selling its Linux-based personal digital assistant (PDA) in the US, reports Associated Press. The company will continue to
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Retailer Sears Holdings Corp said on Friday that it would close two Sears stores in Hollywood, California, and New York City for business reasons.
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Circuit City Stores Inc., the nation's No. 2 chain of consumer electronics stores, said Wednesday it will close 19 superstores, five regional offices and a distribution center by the month's end as it attempts to improve its lagging finances.