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Top related persons:
Dave Barton - 1 “ Bob’s - 1 ” Bob’s - 1 Bob’s - 1 Robert Overstreet - 1 Chris Grams - 1 Grams - 1 Macy's - 1
Top related locs:
New York America Connecticut Massachusetts , New Hampshire , New Jersey , New York Rhode Island U.S T.J.Maxx Arlington , Va
Top related orgs:
New - 1 New York CNN - 1 Bob’s - 1 Marshalls - 1 GoDigital Media - 1 Walmart - 1 Staples - 1 National Retail Federation - 1

Search resuls for: "T.J.Maxx"


5 mentions found


☆ Bob’s Stores is closing all of its stores after nearly 70 years in business
  + stars: | 2024-07-03 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Bob’s Stores, a discount store located in northeast America, is shutting down after seven decades in business. “We regret that our financial position necessitated the liquidation of Bob’s Stores,” Dave Barton, president of Bob’s Stores, said in a press release. All locations are offering steep discounts on everything the company sells, ranging from shoes to clothing. In 2022, Bob’s Stores was sold to GoDigital Media Group. Bob’s joins a growing number of retail bankruptcies in 2024, spurred from a slowdown in consumer spending and rising inflation.
Persons: Dave Barton, “ Bob’s, ” Bob’s, Bob’s Organizations: New, New York CNN, Bob’s, Marshalls, GoDigital Media Locations: New York, America, Connecticut, Massachusetts , New Hampshire , New Jersey , New York, Rhode Island
☆ How retailers like Best Buy, T.J. Maxx and Home Depot quietly target 'problem' returners
  + stars: | 2024-05-10 | by ( Devan Burris | ) www.cnbc.com   time to read: +3 min
Many large retailers in the U.S. have long been engaged in the practice of quietly tracking and targeting return behavior. According to a report by The Wall Street Journal, U.S. retailers use third-party loss-prevention services to track risky return behavior. This doesn't outright mean fraudulent activity, but rather behavior that "mimics" or could be linked to such behavior. The most notable third-party loss-prevention service is The Retail Equation, a software provider that tracks return behavior that retailers deem potentially fraudulent. According to several now-dismissed lawsuits and Better Business Bureau complaints, customers reported they were following a store's return policy and were still issued a warning.
Persons: Robert Overstreet Organizations: Walmart, Staples, National Retail Federation, Iowa, Wall Street Journal, Better Locations: U.S, T.J.Maxx
☆ Macy's to cut more than 2,300 jobs, about 3.5% of its workforce, and close five stores
  + stars: | 2024-01-18 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +5 min
Macy's on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales. The move will affect approximately 2,350 positions across its corporate office and stores, company spokesman Chris Grams said. The majority of those — roughly 500 —are its namesake stores, followed by 158 Bluemercury stores and 56 Bloomingdale's stores. The department store chain's footprint has gotten smaller in recent years, however. He said since that 2020 announcement, Macy's had closed about 80 namesake locations and had plans to soon close another five.
Persons: Chris Grams, Grams, Macy's, Tony Spring, Jeff Gennette, Adrian Mitchell, Mitchell, It's, Gennette Organizations: Wall Street Locations: Arlington , Va, Leandro, Calif, Lihue, Hawaii, Simi Valley, Tallahassee, Fla, Cincinnati, San Francisco
☆ As shoppers look for savings, Nordstrom hopes Rack stores can fuel its revival
  + stars: | 2023-05-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +9 min
The success or failure of the Nordstrom Rack turnaround effort could shape the company's future. Those chains such as T.J.Maxx , Ross Stores and Burlington Stores , have opened more stores and wooed new customers, driving higher foot traffic than Nordstrom Rack has seen. Nordstrom Rack stores outnumber the company's namesake stores, with 241 locations across the country, according to company filings. Nordstrom Rack stores accounted for more than 40% of new customers in 2022, CEO Erik Nordstrom said on the March earnings call. As it pins its growth hopes on the off-price locations, Nordstrom has turned Rack stores into e-commerce hubs, too.
☆ Here’s our February rapid-fire update on all 34 stocks in Jim Cramer’s Investing Club portfolio
  + stars: | 2023-02-05 | by ( Matthew J. Belvedere | ) www.cnbc.com   time to read: +12 min
Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the holdings we manage in the CNBC Investing Club. J & J is a good stock to get into ahead of the impending split into two companies: consumer brands and pharma/medical technology. The company reported a good quarter and guidance, while fundamentals are solid ahead of the split. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
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