Retail-chain pain: Four companies to close more than 465 stores
https://www.mercurynews.com/2019/03/04/retail-chain-pain-four-companies-to-close-more-than-465-stores/
Even the good news in American retail is bringing bad news.
While major chains such as San Francisco-based Gap, JCPenney and Victoria’s Secret announced hundreds of store closures over the past three days after reporting same-store sales declines for the fourth quarter, Foot Locker showed growth that was more than twice as robust as analysts had expected.