off-price

Retail
TJX Elects Alvarez To Board Of Directors

The TJX Companies board of directors has elected José Alvarez to the board, effective immediately. Alvarez previously served on TJX’s board of directors from 2007 through 2018.

Retail
Century 21 Stores Going Out Of Business

Century 21 Stores has filed for Chapter 11 and plans to commence a wind down of its off-price retail operations and going out of business sales at its 13 stores across New York, New Jersey, Pennsylvania, and Florida after serving customers for nearly 60 years.

Financials
Burlington Sees Mixed Recovery In Q2

Although it posted a loss, the second quarter wasn’t all bad for Burlington Stores, which beat a Wall Street earnings estimate and managed to drive sales in stores as they reopened, although inventory issues did emerge.

Financials
Ross Stores Faces Headwinds In Q2

In the second quarter, off-pricer Ross Stores continued to weigh the impact the coronavirus pandemic had on its stores, as net sales declined significantly, although the company managed to post a profit.

Retail
Stein Mart Starts Going Out Of Business Sales

Stein Mart, which just filed for Chapter 11 reorganization, has authorized going out of business sales by a joint venture comprising Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group, B. Riley Financial’s Great American Group and SB360 Capital Partners.  The sale process is underway at all 279 Stein Mart locations across the U.S. 

Retail
Stein Mart Files Chapter 11

Stein Mart and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division.

Retail
Big Lots Rolling Out Same-Day Delivery Service

Big Lots said it will begin same-day delivery of its retail store assortment nationwide. The company has entered into a partnership with Pickup, an on-demand logistics provider with a last-mile delivery footprint encompassing more than 300 markets.

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