By Ian Sherr
CHICAGO, July 31 (Reuters) – The sale price for bankrupt Hartmarx, the men’s clothing company from which President Obama gets his suits, has risen to about $130 million, Chief Executive Homi Patel said in an interview, adding that he would step down as CEO on Friday.
Patel declined to say why the price had risen from $119 million, the price listed in court documents filed last month.
By Ian Sherr
CHICAGO (Reuters) – With only 160 shopping days left, it’s beginning to look a lot like Christmas in some stores.
After U.S. retailers posted 10 straight months of sales declines, some chains are trying to bring holiday spirit — and revenue — to the summer with “Christmas in July” promotions.
By Ian Sherr
CHICAGO (Reuters) – Walking the pharmacy aisle of a Target Corp discount store, shoppers can’t miss the many anti-shoplifting measures: locked display cases, alarm cords around boxes of expensive merchandise, display hangers with locks on the end.
Those represent only a fraction of the anti-theft advances created over the years to protect stores against shoplifters and organized retail theft gangs.
But what about the determined insider?