Inside these posts: Discount retailer

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Amid slump, Wal-Mart returning to basics

Wal-Mart plans to bring back some of the products it has dropped. (Reuters)

Wal-Mart Stores Inc. will launch a promotional campaign next month called “It’s Back,” to tell core customers the discounter is restoring merchandise it removed from store shelves in a flubbed renovation effort.

Starting in May, Wal-Mart shoppers in the U.S. will see signs in stores heralding the return of fishing tackle, bolts of fabric and other “heritage” merchandise that Wal-Mart reduced or cut out altogether as it attempted to spruce up its stores to appeal to more well-heeled shoppers. Get the full story »

Discount retailer Forman Mills opens Chicago store

Forman Mills Clothing Factory Warehouse will open its first store in Chicago tomorrow in a former Goldblatt’s Department Store site at 1450 N. Cicero Ave.

The 55,000-square-foot store will sell marked-down designer clothes as well as authorized apparel from major league and collegiate sports teams. More than 200 jobs are expected to be created. Get the full story »

Wal-Mart names Walmart U.S. merchandising chief

Wal-Mart Stores named a longtime grocery executive as the chief merchandising officer for its U.S. discount stores Friday, filling the post that had been vacant since John Fleming left the role last year. Get the full story »

Discount retailer Loehmann’s files for bankruptcy

U.S. discount retailer Loehmann’s is filing for bankruptcy after its Dubai government-linked owner failed to reach a debt-extension deal with creditors.

Nebraska discount retailer coming to Algonquin

Crain’s Chicago Business | A Nebraska discount retailer is set to enter the Chicago area next year. Gordsmans Stores will be taking a 47,500 square-foot space in Algonquin Commons, according to mall owner Inland Real Estate.