Retail Roundup—22 retailers face bankruptcy, Hudson's Bay cuts 2,000 jobs

Neiman Marcus
Neiman Marcus is among the many retailers struggling in the face of changing consumer habits.

22 retailers facing bankruptcy

Moody’s Investors Service says that 22 struggling retailers are now facing possible bankruptcy risk, an increase from 19 at the height of the Great Recession. Some of the brands on the list include Neiman Marcus, Sears, The Bon-Ton and Nine West. (USA Today)

Hudson’s Bay to cut 2,000 jobs

Hudson’s Bay, parent company of Saks, has announced it will cut 2,000 jobs in North America. The cutbacks are part of an effort to streamline operations and generate $259 million in annual savings. (Bloomberg

Ikea testing e-commerce on third-party sites

Ikea is planning to experiment with selling its products on third-party e-commerce sites. No contracts have been signed yet, but the retailer said it will begin tests in 2018. (Reuters)

Publix to expand delivery

Publix has announced it will bring grocery delivery service to all of its stores by 2020. After the success of an initial test, the grocery chain will expand its delivery partnership with Instacart throughout the Southeast. (Bradenton Herald)

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