Want to own a Sears store? Just make a bid

In its quest to stem losses and regain profitability, Sears is putting 16 store locations on the auction block. Bidding on the locations is now open, according to a CNBC report, with a deadline of May 1 for bid submission....

Sally Beauty trims jobs in restructuring strategy

In a quest to restructure and save on annual operating costs Sally Beauty Holdings, a retailer and wholesaler, has slashed jobs at its headquarters. The number of cuts was not released, according to the Dallas News, which reported the retailer...

Nine West heading into bankruptcy

A "lack of fashion-forward products and design missteps," as well as decreasing consumer traffic are prime factors prompting retailer Nine West to file for bankruptcy. The company, which also owns Gloria Vanderbilt and Anne Klein, filed bankruptcy papers late last...

Supervalu exploring sale, claims report

Grocery wholesaler Supervalu might be in the process of putting itself up for sale, according to a Bloomberg report, which did not cite a source except to note the information came from people familiar to the situation. The company, which runs about 200 locations, provides items to more than 1,800 stores, according to Bloomberg.

Prescription business booming for Walgreens

Walgreens beat projected quarterly profit and sales and expects to enjoy more than $350 million in cash tax boost for this year. That tax benefit, as reported by CNBC, is a $150 million more than earlier expectations and shares rose...

Retail jobs grew by 46,000 in February

The number of retail industry jobs increased by 46,400 in February and the National Retail Federation calls it a "significant positive sign" for the industry overall. The figure does not include gas station, auto sellers and restaurants, according to a...

Long Island Toys R Us stores closing in June

At least two Long Island Toys R Us stores will be shuttered by the second week in June given the retailer’s move into bankruptcy. The closures are part of the iconic brand’s effort to end operations, according to a Newsday...

Claire’s closing stores, heading for bankruptcy

Teen jewelry and accessories retailer Claire’s is filing for bankruptcy and aims to shutter 92 stores. The Chapter 11 filing states the store closures are part of a financial and debt restructure and the company aims to keep remaining stores open, according to a Newsday report. The impending store closures will take place in the U.S.

As Toys R Us falls KB Toys re-emerges

KB Toys, a brand that had fallen by the wayside, is now looking to fill the retail void being left by the bankruptcy of Toys R Us. The brand, owned by Strategic Marks, was initially considering just re-appearing online, according...

Etsy CEO: It's all about gross merchandise sales

Etsy, an online spot for selling handmade and antique crafts and items, is mainly focused on one financial point: gross merchandise sales. A Fortune report noted that the e-commerce marketplace is prepping for an IPO effort, and one reason may...

JC Penney cuts jobs, misses earnings predictions

Struggling retailer J.C. Penney has chopped about 360 jobs in a cost-savings effort and missed industry predictions regarding earnings. The news, according to USA Today, sent shares downward.

Home Depot enjoys robust sales

The U.S. housing boom and demand for building and repair supplies due to natural disasters helped Home Depot's sales last quarter. A Bloomberg report stated the retailer enjoyed a 7.5 percent increase in same-store sales, which beat analyst projections of 6.5 percent.

As Gap CEO takes leave, retailer's shares take a dip

Jeff Kirwan, CEO and president of the Gap brand, is leaving his post, and the news is impacting the retailer's shares. A Bloomberg report stated shares dropped as much a 7.6 percent, the deepest dip in over a year, now...

Walmart shares take a bit of a tumble

A boom in online sales is being cited as the main driver in an 8.6 percent share drop for Walmart. While the global retailer enjoyed robust holiday sales, lower product prices and online sales growth, the latter, which typically represents...

Jet.com founder Marc Lore mulling leaving Walmart, claims report

Wamart.com CEO Marc Lore, founder of Jet.com, which is owned by Walmart, is reportedly considering leaving his role, according to a New York Post report. Walmart acquired Jet.com just about a year and a half ago for $3.3 billion. The news comes within days of Walmart experiencing one of its biggest stock dips.

Amazon layoffs in the works

Amazon is reducing its workforce in Seattle, and in other locations, reportedly slicing several hundred jobs, according to the Seattle Times. The report claims several hundred will be out of work at the etailer's headquarters, with hundreds more in global...

NRF: Big retail sales ahead this year

The National Retail Federation expects retail sales will jump between 3.8 percent and 4.4 percent in 2018, compared to 2017, and that the online sales increase will hit even higher — 10 to 12 percent. The figures, according to a...

CVS Health latest to boost pay, programs thanks to federal tax reform

CVS Health will boost hourly pay from $9 to $11 an hour, keep health premiums at current cost and initiate a new parental leave program — all funded due to the federal tax reform. The news, reported by the New...

IntuiLab nabs $3.7M in funding

IntuiLab, the company behind IntuiFace, the software platform for creating touch-first digital signage without writing code, has closed $3.7 million in Series A funding from IRDI Soridec Gestion, M Capital Partners and two business angels with the support of Bpifrance....

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