What Caused The Decline Of Sears? As stores fell further into disrepair they couldn’t generate enough to finance their own store upgrades leading to a negative investment cycle which generates lower and lower sales and less money to invest over time. Edward Lampert, Sears’ former Chairman and CEO is credited with much of this lack
Who Bought Filene’s? Filene’s Department Store, the former flagship store at Downtown Crossing, Boston (2008) SuccessorMacy’s Is Filene’s Basement still in business? The last Filene’s Basement stores closed permanently on December 29, 2011. In 2012, private equity firm Trinity Place Holdings acquired by brand copyright to Filene’s Basement. In fall of 2015, Filene’s Basement was
Is Art Van Furniture Going Out Of Business? The sale was approved Feb. 1 by a bankruptcy court judge overseeing Art Van Furniture’s still-ongoing liquidation case. … The last remaining Art Van Furniture stores closed last year with everything-must-go sales that were put on by American Signature, the parent company of Value City Furniture. What
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