The committee option worked in 1984 for 18, 000 laid-off workers of Ames Department Stores.
William Smith Ltd, which owns DE Shoes and Foot Factory, has sold off five of its 31 stores to Begg Shoes and Bags.
Since then it has shut half of its 1, 200 stores and laid off more than half of its 16, 000 employees.
The company has spent the last year cutting back, closing stores and selling off assets, including the spin out of its Sears Hometown and Outlet Stores into a separate publicly-traded entity.
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From the remaining small list, Gerstein had to make a judgment call and chose Tuesday Morning (nasdaq: TUES - news - people ), a Dallas-based chain of 594 off-price specialty stores in 42 states.
In addition to those changes, Johnson has said that Penney is starting to see some positive results from its makeover of stores with sectioned-off shops that feature different brands.
Tesco may be sailing into calmer waters, with signs that its expensive rehabilitation of UK stores may be paying off: it has reported a 1.8% increase in like-for-like or underlying sales, its best performance for three years.
Big Box retailers, discounters, off-price retailers and department stores are working hard to capture some of the holiday decoration sales.
Typically, retailers spend the weeks leading up to Black Friday and the official kick-off of the holiday shopping season plotting on how to coax shoppers inside their stores.
Most of the First World is content to choose between cash and a debit card, and the proliferation of handsets and stores make such an undertaking a long way off.
There was a quiet respect for brick-and-mortar stores in the quaint nature of Cyber Monday: 20 percent off underwear and free shipping, but that was about it.
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Some of these stores may now be impaired and may have to be written off.
Thousands of slightly damaged and display copies will be 50-75% off at 10 stores worldwide next week, including in Miami, New York, London and Berlin.
And by bagging the most popular female actress on television, Bebe Stores--purveyor of some of the skimpiest women's clothing off the rack--sashayed onto the mainstream fashion scene.
In addition to expanding its Saks Fifth Avenue OFF 5TH offerings of luxury goods at lower prices, the company plans to open four new stores this year.
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When the first copies of Enjoy Detroit came off the press, Katsiris himself flogged them at 30 or so retail stores in Manhattan that specialize in vinyl.
The chips also let phones talk directly to card-swipe terminals in stores, which has set off a race to organize and control the new world of mobile payments.
These drives are based on flash memory - which stores data even after its device is turned off - and are about the size of a large cigarette lighter.
Pricing tactics at warehouse stores also proved to draw in a healthy number of consumers in the month that kicked off the summer season.
It spun off its Orchard Supply Hardware Stores last December, then also spun off its Hometown and Outlet businesses and a large portion of its stake in Canadian unit, Sears Canada.
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Among the largest underlying components of XLP, in trading today Wal-Mart Stores Incorporated ( NYSE: WMT) is off about 0.7%, CVS Caremark Corporation ( NYSE: CVS) is down about 0.3%, and Pepsico Incorporated ( NYSE: PEP) is lower by about 0.5%.
Among the largest underlying components of VO, in trading today Ross Stores, Inc. ( NASD: ROST) is off about 0.4%, AvalonBay Communities, Inc. ( NYSE: AVB) is off about 0.1%, and Dollar Tree, Inc. ( NASD: DLTR) is lower by about 0.2%.
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