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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.

MODA Floors & Interiors celebrates 10 successful years

MODA Floors & Interiors celebrates 10 successful years

ATLANTA -- MODA Floors & Interiors, a flooring and window coverings resource and Atlanta's first Shaw Design Center, recently celebrated its 10th year in business. The company has showrooms in the West Midtown Design District and at Town Brookhaven.

"MODA" is the Italian word for fashion. Owners Dean and Janice Howell selected the company name to reflect cutting-edge style and European flair.

Started initially as a three-person home-based business, MODA Floors & Interiors currently employs 15 people and partners with 10 installation crews to complete approximately 1,300 projects each year. The diversified client base includes residential remodelers, custom home builders, designers, insurance contractors, and consumers. The company also does light commercial jobs.

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.

14 Publix locations to stay closed Wednesday

14 Publix locations to stay closed Wednesday

(WXIA) -- The icy conditions that slammed north and central Georgia overnight forced 14 Publix supermarkets to close their doors for the day.

Publix spokeswoman Brenda Reid said the Georgia Publix stores that are open received extra supplies of milk, eggs, dry goods, meat and produce to accommodate shoppers who plan to spend the day at home.

The 14 locations that are closed Wednesday include:

Publix at Governors Towne Square
6110 Cedarcrest Road NW, Acworth

Publix at Atlantic Station
1380 Atlantic Drive NW, Atlanta

Publix at Cascade Crossing
3695 Cascade Road SW, Atlanta

Publix at East Lake
2235 Glenwood Avenue SE, Atlanta

Publix at Piedmont
595 Piedmont Avenue NE, Atlanta

Publix at The Plaza Midtown
950 West Peachtree Street NW, Atlanta

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.