article thumbnail

99 Cents Only to Close All 371 Locations, Hold Liquidation Sale in Business Wind-Down

Retail TouchPoints

99 Cents Only Stores will wind down its business and shutter its 371 locations across California, Texas, Arizona and Nevada after more than 40 years in operation. Hilco Real Estate will manage the sale of the company’s real estate assets, both owned and leased.

Location 261
article thumbnail

Macy’s to Close 150 Nameplate Stores, Focus on Luxury and Small-Format Locations

Retail TouchPoints

Macy’s plans to close 150 underproductive nameplate stores — approximately 50 this year alone — and continue its expansion of smaller-format stores as it prioritizes investment in about 350 go-forward locations. The Bold New Chapter is in part a counterargument to activist investors who have been demanding changes in Macy’s strategies.

Location 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Discount Tire Acquires 25 Dunn Tire Locations

Retail TouchPoints

Discount Tire has purchased the retail tire and automotive maintenance operations of Dunn Tire , which provides parts and installations for brakes, lube and oil services, front-end repairs and state vehicle inspections at 25 locations in western and central New York and Pennsylvania. Financial details of the transaction, which closed Sept.

Location 260
article thumbnail

A Guide to Managing Young Employees

Retail TouchPoints

In fact, data from Legion Technologies finds that 37% of managers say they’re hiring more minors due to the shortage. However, ensuring compliance is especially tricky for retailers operating in multiple markets, as labor stipulations will vary from location to location and any changes must be made in time with laws taking effect.

article thumbnail

Canadian Asian-Themed Supermarket Chain to Open First U.S. Location

Retail TouchPoints

Located in the Marketplace at Factoria, the 76,000-square-foot supermarket will be the largest Asian supermarket in the state and a flagship store for T&T, which is owned by Loblaw Companies Ltd. T&T Supermarkets , a Canadian grocery chain specializing in Asian products, will open its first U.S. in summer 2024.

article thumbnail

Alimentation Couche-Tard, Majors Management to Acquire All 100+ Mapco C-Stores

Retail TouchPoints

The acquisition is contingent on a separate transaction in which Mapco and its remaining locations and assets will be sold to Majors Management. All of the locations to be acquired by Alimentation are company-operated, most of the real estate is company-owned and the deal also includes surplus property and a logistics fleet.

article thumbnail

Wish Adds 1,200 Click-and-Collect Locations in New Partnership with Pudo

Retail TouchPoints

Discount ecommerce app Wish has teamed up with parcel pickup and drop-off network Pudo to offer customers click-and-collect options at more than 1,200 locations across the U.S. This partnership amplifies convenience by enabling hassle-free package retrieval from numerous locations,” said Zhang in a statement. “In and Canada.

Location 258