Deal calls for closure of up to 40 underperforming stores.
Retailer says integrating two chains could cost up to $750M.
Carter’s/OshKosh B’gosh also cutting HQ headcount by 300
900 corporate workers, 400 cafes getting axed
Moderate uptick seen in space-absorption rate
Calls reports that downtown Dallas store to stay open “false rumors”
Despite that, robust retail spending expected, Coresight finds
Going out of business sales set at its 700 stores
Retail sector’s struggles stem mainly from reduced discretionary spending
Store closings, mixed-use complexes offer options in US for those seeking space, study finds
