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9 retailers closing the most stores

9 retailers closing the most stores

(USA TODAY) -- Brick-and-mortar retailers have been suffering from slow economic activity for years, as well as from increased competition from online retailers. The rise in store closings is a prominent sign of their struggles. Weakened companies cannot afford the real estate and personnel costs that go along with supporting hundreds of unprofitable locations. The clearest proof of the problem was RadioShack's recent decision to close more than 1,000 stores.

RadioShack is hardly alone. During that last several years Gap has closed 20% of its locations. Even Macy's, which has forecast strong earnings and is considered the most successful of the mid-market retailers, closed stores recently.

Girl Scout Cookies for sale at Simon Malls

Girl Scout Cookies for sale at Simon Malls

(WXIA) -- Five Atlanta-area Simon Malls will soon allow shoppers to get a Girl Scout Cookie fix.

From Wedneday, Feb. 19 to Tuesday, Mar. 11, local Girl Scout troops will sell boxes of their famous cookies for $3.50 each at the participating malls.

"We are excited to work with local Girl Scouts again this year to provide convenient and highly trafficked areas for their sales," Carol Cox, director of marketing and business development at the Mall of Georgia, said in a release.

The scouts will sell their cookies Monday through Friday from 4 p.m. to 7 p.m.; Saturday from 10 a.m. to 9 p.m.; and Sunday from 12 p.m. to 6 p.m.

Participating Simon Malls include:

Lenox Square, Atlanta
Cookies will be sold on the upper level near Pottery Barn Kids

Mall of Georgia, Buford
Cookies will be sold on the upper level between H&M and the Regal box office

Jos. A. Bank buying Eddie Bauer in $850M deal

Jos. A. Bank buying Eddie Bauer in $850M deal

HAMPSTEAD, Md. -- Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $850 million.

The men's clothing company, which itself is being pursued by Men's Wearhouse Inc., made the deal with Everest Topco LLC to buy Everest Holdings LLC, Eddie Bauer's parent company.

Jos. A. Bank said Friday that the transaction includes $564 million in cash and about 4.7 million new shares of Jos. A. Bank stock issued to Everest Topco at $56 per share.

Everest Topco may also earn up to an additional $50 million in cash based on Eddie Bauer's adjusted earnings for fiscal 2014.

Jos. A. Bank may end the deal if it receives an acquisition offer for its company that it feels is superior.

Whole Foods to open in Kennesaw

Whole Foods to open in Kennesaw

KENNESAW, Ga. -- Whole Foods Market will open a new 45,000-square-foot store at the corner of Barrett and Cobb parkways, the company said.

The store is slated to open in 2016. Whole Foods now has eight locations in metro Atlanta and one in Savannah. A tenth store will open in Augusta later this year.

The store will go in a new mixed-use project being developed by Atlanta's Fuqua Development LLC. Atlanta Business Chronicle reported Feb. 3 that Fuqua was in discussions with Walmart, Whole Foods, Publix, Kroger and Sprouts Farmers Market.

"We're always looking for new locations around the Atlanta metro area," said Jeremiah Ryan, Whole Foods Market South region executive coordinator of operations, in a statement.

The new Kennesaw store is part of Whole Foods' continued national expansion. The company says it recently signed 21 new leases totaling approximately 920,000 square feet, increasing its development pipeline to a record 107 stores.

Pizza Hut offering 50% off online orders

Pizza Hut offering 50% off online orders

(WXIA) -- Twenty years ago, Pizza Hut delivered its first-ever pizza to be ordered over the Internet.

Now, the pizza chain is celebrating this milestone by offering a half-off online deal for customers.

Medium and large Pizza Hut pizzas will be 50 percent off when ordered online now through Jan. 10.

Pizza Hut has also launched Hut Lovers, a loyalty program that provides members with exclusive deals.

A large pepperoni, mushroom and extra cheese Pizza Hut pizza was the first physical good ever purchased online, according to Pizza Hut chief marketing officer Carrie Walsh.

"We want to celebrate the fact that before consumers could buy books, clothes, music or vacation packages via the Internet, they could place an online order for a Pizza Hut pizza," Walsh said in a statement. "We're doing so by giving back to our customers who have helped us lead the way with digital innovations over the last 20 years."

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

With all the hype and Black Friday campouts at Best Buys and Toys R Us, you'd guess that the majority of holiday shopping budgets go to purchases like electronics, toys and clothing. But according to new research, the biggest share what comes out of your holiday wallet actually goes to ... groceries and restaurants.

New data from Card-Linked Marketing leader Cardlytics -- collected from millions of U.S. households over the past two years -- shows what consumers actually spend their money on during the holiday season.  When it comes to holiday shopping Americans are spending 24% of their budget on groceries followed by restaurants and apparel.  Toy purchases are actually at the bottom of the list.

The Top 10 Share of Wallet (see link/attached for graphics and pie charts for 2011 and 2012 holiday spending):

1. Groceries - 24%

Black Friday Battle: Walmart to match best Black Friday deals in-store and online

Black Friday Battle: Walmart to match best Black Friday deals in-store and online

ATLANTA -- If you thought retailers were crazy to open on Thanksgiving, things just got a little juicer -- but better -- for consumers.

Walmart has decided to give customers matchups on Black Friday deals, starting this Friday!

At 8 a.m. on Friday, Nov. 22, Walmart will kick off a pre-Black Friday savings event in stores and online, lowering the prices on popular toys and electronics, to match select Black Friday offers from Target, Toys R' Us and Best Buy one week early.