Wednesday, January 5, 2011

Daily Business Update from the Boston Globe

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Wednesday, January 5, 2011

BJ's to cut workforce by nearly 500 and close five stores
By Jenn Abelson, Globe Staff BJ�s Wholesale Club, Inc., under renewed speculation that it will go private, today disclosed plans to shutter five stores, slash nearly 500 jobs, and shuffle senior management. The Natick chain will close five underperforming shops...

Shaw's to close 5 stores, including 3 in Mass.
Shaw�s Supermarkets today said it plans to close five stores in Massachusetts and Rhode Island by Feb 17.

At winter's start, more long for summer rentals
By Mark Pothier, Globe Staff Winter has barely tightened its grip on the Boston area, but some people are already thinking about securing a vacation rental for the summer, according to TripAdvisor. In a survey released today by the Newton-based...

Tuesday, January 4, 2011

Macy's to close Chestnut Hill store; begins clearance sale
Globe Staff Macy�s said today that it is closing its store in the Chestnut Hill Shopping Center as part of an annual review process by the retailer. A final clearance sale at the store, which begins on Sunday, will run...

New Balance faces class-action lawsuit alleging its shoes do not tone
Boston sneaker maker New Balance is facing charges in a new class-action lawsuit that it falsely represented the physical benefit of its popular toning shoes that promise consumers a tighter butt and legs.

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