About 250 people at Catalyst Brands, which also runs Aéropostale, Brooks Brothers, Nautica and Lucky Brand, were let go.

The furniture retailer is executing its multibillion-dollar investment strategy to expand its footprint and revamp its ...

But the outlook isn’t all bad as the real estate churn may open up 140 million square feet of retail space in a market where high quality storefronts are in short supply, a JLL report says.