TD Updates: Marty's, Pier 1, Aeropostale, Advantage

| | Comments (0) | Retweet

Several stores formerly profiled on Timely Demise are in the news today.

Pier 1, which announced up to 125 store closings in February, has closed 22 stores so far, 20 of them through lease negotiations.

Aeropostale, which has strong sales results in recent months despite the economy, issued another strong sales report, despite the Jimmy'Z store closings announced recently.

Advantage Rent-a-Car, which filed for bankruptcy in December, has been purchased by Hertz, which reportedly gives the acquiring firm a brand for budget-minded renters.

And in New Jersey, the recently bankrupt Marty's Shoes chain has been brought back to life. Its former CEO and original owner have purchased the Marty's brand out of bankruptcy and opened stores in four locations. An ecommerce site is operational, and plans are to open nearly 20 stores.

Updated April 10.

0 TrackBacks

Listed below are links to blogs that reference this entry: TD Updates: Marty's, Pier 1, Aeropostale, Advantage.

TrackBack URL for this entry:

Leave a comment

Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

About this Entry

This page contains a single entry by David Wertheimer published on April 9, 2009 3:11 PM.

The hot thing: hot product was the previous entry in this blog.

Two Fatburger subsidiaries file Chapter 11 is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.