Sears to shutter 80 stores as Lampert throws in last-minute bid

Transform Holdco, an affiliate of Lampert's hedge fund, submitted a $4.4 billion bid for nearly all of Sears' remaining assets, including 425 stores.

By Daphne Howland • Updated Dec. 31, 2018

Gap shuttering flagship 5th Avenue store in New York

The move to close down a store on one of Manhattan's premier retail blocks demonstrates that there will be no sacred cows as the struggling brand shutters "hundreds" of its global locations.

By Daphne Howland • Dec. 28, 2018

Marble Ridge urges Neiman Marcus to drop countersuit by Friday

The debtholder set off a contentious power struggle between Neiman Marcus and its lenders earlier this month when it filed a lawsuit regarding the transfer of MyTheresa. 

By Corinne Ruff • Dec. 27, 2018

Lululemon and Penguin Random House launch pop-up

The collaboration marks another interesting move from the athletic apparel retailer in its effort to become a lifestyle brand.

By Caroline Jansen • Dec. 26, 2018

Retail is giving Wall Street fits

What does it say about the industry that investors are betting against retailers lately? Maybe a little. But not much.

By Daphne Howland • Dec. 21, 2018

Nike execs see digital as 'the majority' of future business

E-commerce grew by 41% in the quarter and executives said that digitally focused store concepts and initiatives are paying off.

By Cara Salpini • Dec. 21, 2018

Ikea invests in kitchen planning company Traemand

As with its acquisition of odd-job service TaskRabbit, the Swedish furniture retailer at long last is addressing the difficulty of assembling its furniture.

By Daphne Howland • Dec. 21, 2018

Neiman Marcus lenders reportedly mull joint lawsuit

About 20 financial institutions sent a letter to Credit Suisse Friday demanding the bank's resignation as administer of the term loan, sources said. And more litigation could come.

By Corinne Ruff • Dec. 21, 2018

More than 40% of holiday shoppers heading to dollar stores

Dollar General, Dollar Tree and Family Dollar are attracting consumers of various income brackets and generations, according to an NPD Group report.

By Daphne Howland • Dec. 21, 2018

Amazon is struggling to make online grocery profitable

Households that order from the online retailer spend three times less per month than those that use supermarket services, according to Brick Meets Click.

By Jeff Wells • Dec. 20, 2018

Rite Aid onboards new CIO amid struggles

While competitors like CVS and Walgreens have found their edge, Rite Aid is struggling to keep pace.

By Samantha Schwartz • Dec. 20, 2018

Bankruptcy court approves liquidation plan for former Rockport operating company

The Relay Shoe Company (formerly known as The Rockport Company LLC) previously owned comfortable shoe brands like Rockport, Aravon and Dunham.

By Corinne Ruff • Dec. 20, 2018

Gymboree reportedly preps for Ch. 22

A new report from the Financial Times says the children's apparel retailer is "within days" of filing for a second Chapter 11.

By Cara Salpini • Updated Jan. 11, 2019

Walgreens holds steady despite U.S. store comp decline

The drugstore retailer and Alphabet's Verily medical tech unit announced a joint project to help patients manage chronic conditions less expensively.

By Daphne Howland • Dec. 20, 2018

Williams-Sonoma sues Amazon over alleged West Elm copies

The home goods retailer says the e-commerce giant's Rivet private label line sells "knockoffs" of products from its West Elm brand.

By Corinne Ruff • Dec. 20, 2018

How Bonobos is growing up under Walmart's wing

Since CEO Micky Onvural took over in September, she says "Nothing has changed, but everything has changed."

By Corinne Ruff • Dec. 20, 2018

Rite Aid loss narrows as it chases rivals

The drugstore retailer is revamping beauty and grocery to improve front-of-store sales, though it remains focused on pharmacy and healthcare operations.

By Daphne Howland • Dec. 20, 2018

Pier 1 brings on president, CFO

Douglas Diemoz and Robert Riesbeck will also help form the office of the CEO as the retailer looks to strengthen its C-suite.

By Daphne Howland , Cara Salpini • Updated July 19, 2019

Sears looks for bidders who aren't Eddie Lampert

The bankrupt retailer did not select a stalking horse bid and instead is pushing for more offers ahead of the Dec. 28 final deadline. 

By Corinne Ruff • Dec. 19, 2018

Debtwire: Payless lenders prep for downward spiral

Lenders are reportedly in the early stages of organizing after growing concerns that the company is falling short of financial expectations.

By Corinne Ruff • Dec. 19, 2018

Ikea to open most sustainable store yet

The Swedish retailer's latest London-area store will have a roof garden, solar panels and classes where customers can learn about sustainability. 

By Daphne Howland • Dec. 19, 2018

Target's Shipt to expand to all major product categories

The service currently offers same-day delivery on more than 55,000 Target groceries, essentials, electronics, toys and other products.

By Corinne Ruff • Dec. 19, 2018

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

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

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