Financial News: Page 191
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Sears gets OK to tap $300M bankruptcy loan
Court approvals of the retailer's initial bankruptcy motions allow it to keep operating as Sears tries to repair its damaged supply chain and remind customers it's open for business.
By Ben Unglesbee • Oct. 16, 2018 -
Just how much upside is there for J.C. Penney in Sears' bankruptcy?
With the bankruptcy of one of its biggest competitors, there is both upside and risk as J.C. Penney's own turnaround slogs on and new leadership takes over.
By Ben Unglesbee • Oct. 16, 2018 -
Claire's exits Chapter 11 in time for the holidays
The company's restructuring didn't apply overseas, but Claire's said there aren't plans for major U.K. store closures despite reports to the contrary.
By Daphne Howland • Oct. 16, 2018 -
Sears filed for Chapter 11 with plans to close 142 stores — now what?
As part of the retailer's plan to reorganize, CEO Eddie Lampert is stepping down as chief executive — at the same time his hedge fund is mulling a bid for Sears in Chapter 11.
By Ben Unglesbee • Oct. 15, 2018 -
Report: Walmart could overtake Amazon in online grocery this year
Walmart's rapid pickup and delivery expansion could give it the edge, while both companies are poised to steal significant market share from competitors in the years ahead, notes Deutsche Bank analyst Paul Trussell.
By Jeff Wells • Oct. 15, 2018 -
Ross opens 40 more stores
The off-price retailer may be done with ribbon-cutting for the fiscal year, but its expansion plans aren't nearly complete.
By Daphne Howland • Oct. 15, 2018 -
Walmart clasps category expertise with Bare Necessities buy
The deal comes weeks after the big-box retailer reportedly shelled out $100 million for plus brand Eloquii.
By Corinne Ruff • Oct. 15, 2018 -
Stitch Fix hit with flurry of lawsuits over growth claims
At issue are investor allegations the styling service made misleading claims about customer growth and retention and advertising plans.
By Daphne Howland • Oct. 15, 2018 -
Kit & Ace churns out first profits under new ownership
The niche apparel company has teetered since its swift expansion two years ago. But a new focus on bike commuters has a promising start.
By Daphne Howland • Oct. 15, 2018 -
Allbirds rakes in $50M to fuel store expansion
The digitally native brand just opened its first New York City flagship last month, but it's already plotting stores around the globe.
By Corinne Ruff • Oct. 12, 2018 -
Amazon to give additional pay bumps to make up for slashed bonuses
The pay bumps will only apply to some workers, but Amazon maintains that all employees "will see an increase in their total compensation as a result of this announcement."
By Valerie Bolden-Barrett • Oct. 12, 2018 -
Is Barnes & Noble's new concept store the answer to its woes?
The 17,400 square-foot-store "will combine the best of what we’ve learned from our other new stores," according to Carl Hauch, vice president of stores.
By Corinne Ruff • Oct. 12, 2018 -
New York Post: Buzzfeed opening toy store in time for the holidays
The plans, if true, reflect both the opportunity left by the demise of Toys R Us and the appeal of New York City for brick-and-mortar retail.
By Daphne Howland • Oct. 12, 2018 -
Shopify opens brick-and-mortar space for entrepreneurs in LA
The permanent location features opportunities for support from staff and networking with fellow business leaders.
By Daphne Howland • Oct. 12, 2018 -
Sears reportedly nearing bankruptcy deal to keep operating through holidays
A plan under negotiation now would allow the retailer to keep "some" stores open after a Chapter 11 filing — expect by Monday — while the company seeks a buyer, according to reports.
By Ben Unglesbee • Updated Oct. 12, 2018 -
Deciem founder Brandon Truaxe ousted from company
The cult beauty brand shuttered most of its stores this week after unsettling remarks from founder Brandon Truaxe in videos and social media posts grabbed attention and headlines.
By Daphne Howland • Updated Oct. 12, 2018 -
Walgreens betting on strategic partnerships
The company's retail side is still being neglected in favor of its pharmacy and healthcare operations.
By Daphne Howland • Oct. 12, 2018 -
Walmart grants $4M to support workforce education
The funding is part of the company's five-year, $100 million effort to improve training programs in retail and adjacent sectors.
By Corinne Ruff • Oct. 11, 2018 -
Amazon offers more Calvin Klein goods than Macy's
But that doesn't necessarily translate to a slam dunk in sales for the e-tailer or the brands it offers, according to Instinet analyst Simeon Siegel.
By Daphne Howland • Oct. 11, 2018 -
Mattress Firm moves to close another 99 stores in bankruptcy
That brings the total of store closures at Mattress Firm to 405 just two weeks into Chapter 11. The retailer plans to close 700 in the restructuring process.
By Cara Salpini • Updated Oct. 18, 2018 -
Good thing J.C. Penney's new merchandiser is the CEO
Can Jill Soltau bring the struggling department store the turnaround it's been waiting for? There isn't much time to find out.
By Daphne Howland • Oct. 11, 2018 -
Walmart sued over use of customer data online
At issue is Walmart.com's employment of Facebook's Pixel advertising tool.
By Daphne Howland • Oct. 11, 2018 -
WeWork plans to open 500 WeMRKT stores
But it's not yet clear whether the coworking startup can make retail work.
By Daphne Howland • Oct. 11, 2018 -
FAO Schwarz to return to New York City
The next phase of the iconic retailer's comeback, which also includes an overseas expansion, begins just in time for the holidays.
By Daphne Howland • Oct. 11, 2018 -
DOJ clears CVS-Aetna union
Approval of the $69 billion deal comes with a condition to sell Aetna's Medicare Part D business.
By Samantha Liss • Oct. 10, 2018