Christopher Zara

3 days ago | fastcompany.com | Christopher Zara

Rite Aid is plotting an immediate wind-down of operations at dozens of additional locations as it scrambles this week to sell off its pharmacy assets and retail operations to potential bidders. The drugstore chain, which last week sought Chapter 11 bankruptcy protection for a second time, has marked 68 locations in seven states for closure, meaning it wants to promptly start the process of going-out-of-business sales.

1 week ago | finance.yahoo.com | Christopher Zara

Target Corp. is pushing back on media reports this week that it has changed its policies around self-checkout technology in response to shoplifting or customer dissatisfaction. Most Read from Fast Company A number of news outlets reported over the weekend and yesterday that the retail giant has limited self-checkout registers to 10 items or fewer, but Target made that announcement more than a year ago.

1 week ago | fastcompany.com | Christopher Zara

Target Corp. is pushing back on media reports this week that it has changed its policies around self-checkout technology in response to shoplifting or customer dissatisfaction. A number of news outlets reported over the weekend and yesterday that the retail giant has limited self-checkout registers to 10 items or fewer, but Target made that announcement more than a year ago. "Target is not removing self-checkout," a spokesperson told Fast Company when reached for comment.

1 week ago | fastcompany.com | Christopher Zara

The death of Joann fabrics is turning out to be a big gain for at least one other retailer. Following the beloved craft chain's bankruptcy and subsequent plan to wind down its operations, discount retailer Burlington Stores-formerly known as Burlington Coat Factory-is moving to scoop up dozens of leases from former Joann locations across more than 20 states, court documents reveal.

1 week ago | flipboard.com | Christopher Zara

Joann fabrics stores in 22 states could soon be taken over by Burlington Coat Factory. See the full listThe craft chain’s rapid wind-down is creating opportunity for retailers looking to grow their footprint. Burlington has said it will open 100 stores this year. The death of Joann fabrics is turning out to be a big gain for at least one other retailer. Following the beloved craft chain’s bankruptcy …