Footstar, based in West Nyack, N.Y., is closing another 163 Footaction and Just for Feet stores as it sheds its retail operations to run shoe sections in department stores.
The Bradford-based supermarket told staff on Tuesday that it was starting a 45-day consultation process about plans to take out two tiers of management in its stores as it attempts to cut costs to help fund price cuts for shoppers.
Krispy Kreme itself was viewed by some as a fad, with long lines outside new stores as it expanded from its base in the Southeast United States to most of the United States, as well as Canada, Mexico, Britain and Australia.
A CIBC World Markets analyst upgraded the stock to "sector outperform" from "sector perform" on confidence that the apparel retailer will continue to draw crowds to its stores as it follows the right trends.
The app has been slowly rolling out across most of its stores as it gets that kind of beta testing that you'd expect for soft launches, but you'll see a couple complaints in the reviews on the App Store that it's not available yet (it's been on the store for some time).
It has been closing stores as it seeks to reduce its shop network gradually from about 250 shops now to between 180 and 200.
