Tag:
Inventory Management
West Hartford, CT
Business
Women's Clothing Chain With CT Stores Shutting Down: Report
Women's specialty retailer Francesca's is preparing to close all of its stores and sell off its inventory, according to a report. Francesca's, a chain with more than 400 stores nationwide, is expected to go out of business, Women's Wear Daily reported. One source told WWD that the retailer's merchants were "let go" on Wednesday, Jan. 14, "with no warning." A former buyer said the mall retailer plans to liquidate all of its goods. A customer service representative for Francesca's confirmed the move in an email to WWD. Vendors said the liquidation is believed to include unpaid inve…
Fairfield, CT
Business
Trump Tells Walmart to ‘Eat the Tariffs’ After CEO Says Price Hike Coming
Two days after America’s largest retailer, Walmart, said it would raise prices to cover the cost of President Donald Trump’s tariffs, the president responded with a three-word retort: “Eat the tariffs.” In an earnings call on Thursday, May 15, Walmart CEO Doug McMillon told investors that the company would likely need to increase prices on groceries and general merchandise, despite a 2.5 percent increase in first-quarter earnings for 2025. “We will do our best to keep our prices as low as possible,” he said, according to MarketWatch. “But given the magnitude of the tariffs, even at the redu…
