Corporate News
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Drugstores, supermarkets and specialty set to grow in 2019
But headwinds, including tariffs and higher wage and freight costs, will keep retailers on their toes, according to a Moody's report.
By Daphne Howland • Dec. 18, 2018
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12 news stories that shaped retail in 2018
From Sears and Mattress Firm's bankruptcies to Walmart's $16 billion Flipkart buy, here's a look back at the biggest news from the last 12 months.
By Corinne Ruff • Dec. 18, 2018
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Saks to shutter Brookfield Place women's store in New York
While the branch is in an area not conducive to women's apparel sales, the move also reflects the chain's overall weakness, analysts say.
By Daphne Howland • Dec. 18, 2018
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Rent-A-Center, Vintage Capital spar over merger
Rather than comply with a second request from the Federal Trade Commission, the rent-to-own retailer is seeking a $126.5 million breakup fee.
By Daphne Howland • UPDATED: Dec. 18, 2018 at 4:23 p.m.
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Target makes Christmas Eve delivery guarantee on eligible orders
The mass merchant is offering free deliveries of qualified online orders placed by Dec. 20, the same cutoff at Walmart for orders from a broader assortment.
By Corinne Ruff • UPDATED: Dec. 18, 2018 at 11:20 a.m.
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Genesco unloads Lids for $100M
The Nashville-based retail company, which runs Journeys in the U.S., has been shopping around the struggling banner since February.
By Daphne Howland • Dec. 17, 2018
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Bankruptcy court approves Toys R Us Asia sale
Fung Retailing, which previously owned 15% of a joint venture comprising Toys R Us' Asian operations, will take over the business for $760 million.
By Corinne Ruff • Dec. 17, 2018
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LVMH expands portfolio with $2.6B Belmond travel deal
With this move, the luxury conglomerate continues to strengthen its upscale stance and expand beyond retail.
By Daphne Howland • Dec. 17, 2018
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Lowe's refocuses in wake of missteps
The home improvement retailer announced a new slogan and an emphasis on retail fundamentals as new CEO Marvin Ellison continues to tweak operations.
By Daphne Howland • Dec. 17, 2018
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FedEx launches 'extra hours' for retailers during peak
The new service is intended to allow afternoon orders to be shipped same-day to better ensure delivery within two days.
By Emma Cosgrove • Dec. 17, 2018
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Lowe's 'historically underinvested' in IT, dedicating $500M to overhaul systems
Five CIOs in the last eight years resulted in "inconsistent strategy and low accountability," said CIO Seemantini Godbole.
By Samantha Ann Schwartz • Dec. 17, 2018
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November sales surge, fueling holiday retail
Consumer optimism took a dive, but that's not keeping Americans from spending this season.
By Daphne Howland • Dec. 14, 2018
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Amy Schumer debuts inclusive-size collection at Saks Off 5th
The off-price retailer is just the latest to develop apparel that more women can shop for, putting pressure on plus-size specialists.
By Daphne Howland • Dec. 14, 2018
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Costco stokes e-commerce with little hit to margins
The wholesaler grabbed sales from more people who live further from stores, and healthcare and grocery competitors took bigger bites out of profits.
By Daphne Howland • Dec. 14, 2018
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Court cancels auction of Sears home improvement business
Without any other qualifying bids, the unit is expected to go to the stalking horse bidder, Service.com, for $60 million.
By Corinne Ruff • Dec. 14, 2018
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Walgreens to sell overstock, returns via B2B marketplace
The retailer will partner with liquidation platform B-Stock to rid itself of excess inventory.
By Dan O'Shea • Dec. 14, 2018
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New York sues Walmart, Target over toys containing lead
The lead levels found in craft kits were high, but the retailers say they removed them from shelves as soon as they were notified two years ago.
By Daphne Howland • Dec. 14, 2018
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L Brands selling La Senza
The retail company sold off Henri Bendel earlier this year, too, to focus on its larger brands, including faltering Victoria's Secret.
By Daphne Howland • Dec. 13, 2018
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Zola plots NYC pop-up for engagement season
The location will include 2,000 of the company's most popular wedding registry gifts and products, as well as stations for couples to create wedding websites and 3D print custom cake toppers.
By Corinne Ruff • Dec. 13, 2018
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Office Depot to sell and install Google smart home devices
The office supplies retailer continues to expand its services, especially to small- and medium-sized businesses.
By Daphne Howland • Dec. 13, 2018
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Farfetch acquires Stadium Goods for $250M
Stadium Goods' short stint on the luxury marketplace was enough to sell Farfetch Founder José Neves on its long-term potential.
By Daphne Howland • Dec. 13, 2018
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Amazon opens first small-format Go store
The e-commerce giant has evolved its Go model to include compact stores for office buildings and hospitals.
By Dan O'Shea • Dec. 13, 2018
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Instacart and Whole Foods part ways
The end of the five-year deal has been expected since Amazon bought the specialty grocer.
By Jessica Dumont • Dec. 13, 2018
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Kroger buys pharmacy records from 42 Shopko stores
The announcement comes on the heels of Shopko's decision to close 39 stores.
By Jessica Dumont • Dec. 12, 2018
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REI expands gear rental program with more ahead
For now, the outdoors retailer has opened up its rental program to include snowshoes, but more locations and products are slated for 2019.
By Cara Salpini • Dec. 12, 2018