Price wars among national retailers dominate recent discussions about the book industry, but independent booksellers are telling their same story: The ones that are surviving are working harder than ever to maintain their businesses. For Nicola Rooney, owner of Nicola’s Books in Ann Arbor, that message is particularly acute this ...
October sales reports for retailers included some bad news for teen-oriented stores like Abercrombie & Fitch Co., American Eagle and Aeropostale, all three of which have stores at Briarwood Mall in Ann Arbor. When retailers reported their monthly sales for October last week, one sector seemed to need some extra ...
A few days after the National Retail Federation issued its crowd-control guidelines for the holiday shopping season, Walmart announced its own solution. The retailer will keep its 24-hour schedule through Thanksgiving, it announced today, meaning that shoppers won't line up outside and rush the doors to get Black Friday deals. ...
Kohl's Corp.'s sales of exclusive brands and tight inventory control helped its third-quarter profit rise 21 percent, the company said Thursday. The results led the department-store chain to raise its full-year earnings guidance. But CEO Kevin Mansell said he expects consumers to "continue to be conservative" in their spending over ...
Wal-Mart Stores Inc. posted a 3.2 percent increase in third-quarter profit, helped by cost-cutting measures like slashing inventories, and raised its full-year earnings outlook. But sales at its U.S. namesake stores open at least a year slipped, and the company predicted that they could continue to fall through the critical ...
Borders Group Inc., the struggling Ann Arbor-based book store chain, is cutting 61 percent of its mall-based Waldenbooks stores and laying off 1,500 workers, company officials announced today.Borders said it expects to close 200 of it 330 Waldenbooks stores, including the Borders Express location in Ann Arbor's Briarwood Mall. However, ...
Facing squeezed incomes and an ongoing credit crunch, retailers are forced to try different strategies to overcome these hurdles, according to a report on National Public Radio's Morning Edition program. Some of those strategies include bringing back layaway plans to give consumers time to make their purchases now and pay ...
Angela J. Cesere | AnnArbor.com AnnArbor.com's partner news site MLive.com is on a quest to find the best barbecue in ......
Get the Ann Arbor RSS Feed
AnnArbor.com