Although Plano, Texas-based J.C. Penney Co. Inc. is cutting back on store openings next year, it will continue to look at opportunities resulting from industry consolidation, executives said at its third-quarter conference call.
San Diego-based women's apparel retailer Charlotte Russe Holding Inc.'s board recently opposed a nearly $200 million takeover offer by two investment firms, and said it is not interested in talking with the bidders, according to an Associated Press report.
Port Washington, N.Y.-based Steve & Barry's will liquidate stores by early 2009, after its new owners concluded they will not obtain financing to keep it in business amid disappointing sales, according to a Reuters report.
MUJI U.S.A. Ltd., a subsidiary of Japan-based Ryohin Keikaku Co. Ltd., will open MUJI Chelsea, its fourth New York store, on Nov. 28, at 16 W. 19th St.