Financial News: Page 188


  • Court sides with Rent-A-Center in merger dispute

    Left undecided is the fate of the breakup fee, which the rent-to-own retailer expects to collect but Vintage Capital banker B. Riley continues to dispute.

    By Updated March 18, 2019
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    Nuro
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    Kroger's driverless delivery pilot enters next phase

    The retailer and its technology partner, Nuro, will put unmanned vehicles on the road for the first time as part of a test in Scottsdale, Arizona.

    By Jeff Wells • Dec. 18, 2018
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    Retrieved from Target on June 25, 2018
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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 Updated Dec. 18, 2018
  • 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 Dec. 17, 2018
  • 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 Dec. 17, 2018
  • 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 Dec. 17, 2018
  • 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 Dec. 17, 2018
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    Pixabay
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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
  • 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 Schwartz • Dec. 17, 2018
  • November sales surge, fueling holiday retail

    Consumer optimism took a dive, but that's not keeping Americans from spending this season.

    By Dec. 14, 2018
  • 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 Dec. 14, 2018
  • 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 Dec. 14, 2018
  • 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 Dec. 14, 2018
  • Walgreens to sell overstock, returns via B2B marketplace

    The retailer will partner with liquidation platform B-Stock to rid itself of excess inventory.

    By Dec. 14, 2018
  • 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 Dec. 14, 2018
  • 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 Dec. 13, 2018
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    Zola
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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 Dec. 13, 2018
  • Office Depot storefront
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    "Office Depot" by Rusty Clark is licensed under CC BY 2.0
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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 Dec. 13, 2018
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    Stadium Goods
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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 Dec. 13, 2018
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    Retrieved from Amazon on October 24, 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 Dec. 13, 2018
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    Instacart
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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
  • 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
  • REI gear rental program
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    Courtesy of REI
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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 Dec. 12, 2018
  • Aerie comps soar 32%

    The lingerie brand could be taking share from segment giant Victoria's Secret, but an inventory pileup at American Eagle could spell trouble, analysts say.

    By Dec. 12, 2018
  • P&G buys disruptive marketer Walker & Company

    The startup, which owns grooming brands Bevel and Form, looks to tap into the CPG giant's resources, while P&G can expand its multicultural offerings.

    By Peter Adams • Dec. 12, 2018