ARTICLES BY THIS AUTHOR
- 12/10/2024
GameStop Q3 sales plunge 20%; expects more store closures
Game Stop Corp. reported a third-quarter profit amid cost-cutting efforts even as its sales continued to decline. - 12/10/2024
Wegmans to enter two new states in 2025
Wegmans Food Markets is expanding its footprint in new and existing markets.. - 12/10/2024
Albertsons sues Kroger for breach of contract, calls off merger; Kroger fires back
Albertsons Companies has moved to terminate its merger agreement with The Kroger Co. and has filed a lawsuit suing the grocery store giant for breach of contract. - 12/10/2024
Macy’s ends accounting error investigation, sees no material impact; Q3 sales fall
Macy’s has completed an investigation into an employee who hid about $151 million of delivery expenses on its accounting books for nearly three years and said it has tightened its controls to avoid a repeat of the problem. - 12/9/2024
Federal judge blocks Kroger’s $25B acquisition of Albertsons
In a major win for the Federal Trade Commission (FTC), a federal judge temporarily blocked The Kroger Co. from acquiring rival Albertsons in a deal that would have created the largest supermarket chain in the U.S. - 12/9/2024
Walgreens reportedly in talks to sell itself to Sycamore Partners
Walgreens Boots Alliance is reportedly in discussions to sell itself to a private equity firm. - 12/9/2024
New York Stock Exchanges acts to delist The Container Store
The Container Store has received more bad news. - 12/9/2024
Academy Sports to open 20 to 25 new stores in 2025; Q3 sales, earnings miss
Academy Sports + Outdoors reported third-quarter earnings and sales that missed Street estimates as it continues to grow its brick-and-mortar footprint. - 12/9/2024
Retailers advised to bring cargo in early as potential port strike, tariffs loom
The new year may bring another strike at East Coast and Gulf Coast container ports. - 12/9/2024
Ollie’s Bargain Outlet buying up Big Lots leases; new CEO to take reins in February
Ollie’s Bargain Outlet reported a 7.8% increase in revenue for its third quarter as it continues to expand its store count — with the help of former Big Lots locations.