• New York October 2, 2019 12:28 pm

    Forever 21 Fashion Chain Files for Chapter 11 Bankruptcy

    Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. The privately held company based in Los Angeles said Sunday it will close up to 178 stores in the U.S. As of the bankruptcy filing, the company operated about...

  • Attorney September 17, 2019 6:58 am

    Purdue Pharma Begins Chapter 11 Bankruptcy Journey

    Purdue Pharma gets its day in court Tuesday after the OxyContin maker filed for bankruptcy and negotiated a potential multi-billion dollar settlement to resolve thousands of lawsuits. An initial hearing will be held in federal court in White Plains, New York, for the Chapter 11 bankruptcy case. Purdue filed for bankruptcy protection late Sunday, the first step in a plan...

  • Donald Trump September 15, 2019 4:20 am

    Saudi Arabia: Drone Attacks Knocked Out Half Its Oil Supply

    Yemen’s Houthi rebels launched drone attacks on the world’s largest oil processing facility in Saudi Arabia and a major oil field Saturday, sparking huge fires at a vulnerable chokepoint for global energy supplies. The drone attacks affected up to half of the supplies from the world’s largest exporter of oil, though the output should be restored within days, multiple news...

  • United States September 12, 2019 3:45 pm

    Walmart Rolls Out Grocery Delivery Subscription

    Walmart is rolling out a grocery delivery subscription service this fall as it races to gain an advantage in the competitive fresh food business. The service will charge an annual membership fee of $98 for subscribers to access unlimited same-day delivery, which will be offered in 1,400 stores in 200 markets. By year-end, it will extend to a total of...

  • Twitter September 6, 2019 8:46 am

    CVS, Walgreens Urge Against Openly Carrying Guns in Stores

    Drug chains CVS and Walgreens as well as grocery chain Wegmans Food Market have joined the chorus of retailers requesting that customers refrain from openly carrying firearms in their stores even where state laws allow it. The announcements on Thursday follow similar moves by Walmart, the nation’s largest retailer, as well as Kroger earlier this week. Walmart also said it...

  • Chicago August 6, 2019 11:01 am

    Luxury Store Barneys Files Bankruptcy Protection, Closes Most Stores

    Barneys New York is joining the ever lengthening list of retail stores seeking protection in bankruptcy.

  • Donald Trump June 17, 2019 11:06 am

    Don't Expand China Tariffs, US Companies Tell Trump

    What happens if President Donald Trump carries out his threat to impose tariffs on the remaining $300 billion in Chinese goods that he hasn’t already hit with 25% import taxes? The administration, in the midst of the trade war it began with Beijing, had asked for comments on its plan to extend 25% tariffs to everything China ships to the...

  • Donald Trump May 14, 2019 7:24 pm

    Consumers Could Be Collateral Damage If US Expands Tariffs

    For many Americans, President Donald Trump’s trade war may soon get very real. His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties, including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. That’s roughly $300 billion worth of products on top of the $250 billion targeted earlier. “The administration’s decision to announce...

  • CEO April 23, 2019 11:21 am

    Cameras That Guess Your Age, Sex and Mood Pop Up in Walgreens, Other Retailers

    Eyeing that can of soda in the supermarket cooler? Or maybe you’re craving a pint of ice cream? A camera could be watching you.

  • New York City April 15, 2019 6:52 am

    Mainstream Retailers Embrace CBD Despite Murky Status

    Mainstream retailers are leaping into the world of products like skin creams and oils that tout such benefits as reducing anxiety and helping you sleep. The key ingredient? CBD, or cannabidiol, a compound derived from hemp and marijuana that doesn’t cause a high. Retailers are taking advantage of the booming industry even as its legal status and health benefits remain...

  • Macy's April 10, 2019 2:36 pm

    Macy's Unveils New ‘Story' Experience in Select Stores

    A year after buying startup Story, Macy’s is bringing to life the retail concept to 36 stores in 15 states including its Manhattan flagship store.

  • CEO April 9, 2019 6:13 am

    Ghost of Toys R Us Still Haunts Toy Makers

    This year, children will have a hard time finding Uncle Milton’s glow-in-the-dark ant farm, or the gel and ant village version. Basic Fun, the parent company behind the brand, has stopped producing them and now makes just three versions — basic, giant and retro. Who’s to blame? Toys R Us. A year after Toys R Us imploded, toy makers are...

  • CEO March 21, 2019 9:15 am

    Back in Stock: Levi Strauss Returns to Wall Street With IPO

    Levi Strauss & Co., which gave America its first pair of blue jeans, is going public for the second time. The 166-year-old, San Francisco-based company, which owns the Dockers and Denizen brands, previously went public in 1971, but the namesake founder’s descendants took it private again in 1985.

  • CEO February 28, 2019 4:57 pm

    JC Penney Closes More Stores After a Weak Holiday Season

    J.C. Penney is closing more stores following weak holiday sales season for the retailer. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who bank on strong holiday sales.

  • Puerto Rico February 15, 2019 7:57 pm

    Payless ShoeSource to Shutter All of Its Remaining US Stores

    Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind down its e-commerce operations. All of the stores will...

  • CEO February 6, 2019 1:47 pm

    J.C. Penney to Drop Major Appliances After a Three-Year Run

    J.C. Penney to drop major appliances after a three-year run as it goes back to focusing on clothing.

  • Attorney January 14, 2019 4:38 pm

    Sears' Chairman Stands at the Center of Fight for Company

    As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago. He’s been chairman, CEO, lender, and largest shareholder —...

  • Chairman January 3, 2019 11:38 am

    Department Store Executive Blake Nordstrom Dies at 58

    Blake Nordstrom, who led the upscale department store chain Nordstrom as co-president with his brothers Erik and Peter, has died. He was 58. The Seattle-based company did not disclose the cause of death, saying Nordstrom passed away unexpectedly early Wednesday. Last month, Nordstrom said that he had been diagnosed with lymphoma, but that his cancer was treatable. Nordstrom Inc. said...

  • CEO December 29, 2018 1:31 pm

    US Retailers Hope Higher Pay Will Buy More Efficient Workers

    America’s retailers, struggling to fill jobs, have been raising pay to try to keep and attract enough employees. Now, some stores want something in return: A more efficient worker. To that end, retailers, fast food restaurants and other lower-wage employers are boosting investment in technology and redesigning stores. Walmart is automating its truck unloading to require fewer workers on loading...

  • New York November 20, 2018 12:41 pm

    Former Toys R Us Workers to Get $20 Million in Hardship Fund

    Two private equity owners of the iconic Toys R Us toy chain will be handing over a $20 million hardship fund to the thousands of former workers left jobless and without severance after the chain liquidated in June.

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