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Finance & Capital Management

  • Online retail giant in big part-time worker push

    Amazon continues its hiring spree.    The company announced Thursday that it plans to add more than 30,000 part-time positions in the United States over the next year.  The new positions are on top of the previously announced 100,000 full-time U.S. jobs Amazon will add during the next 18 months.   Some 5,000 of the new part-time hires will be in Amazon’s  Virtual Customer Service program, which offers employees the flexibility to work from home as a customer service agent. 

  • Report: Teen specialty retailer could file Chapter 11 as soon as this month

    Rue21 could be the next chain headed toward bankruptcy.   The teen apparel retailer, which is backed by private equity firm Apax Partners, is preparing to file for bankruptcy as soon as this month, according to Bloomberg.    

  • Bebe to close 21 locations

    In a move to avoid filing Chapter 11, the fashion retailer is planning to shutter approximately 12% of its stores.   The closures will incur an impairment charge of approximately $2.0 million and will make a termination payment to the landlord of approximately $7.4 million, according to a filing the chain made on April 4, with the Securities and Exchange Commission.   

  • Hudson’s Bay Co. eyes reinvention amid steep Q4 loss, dismal year

    Hudson’s Bay Co. mirrored the challenges confronting the department store industry as it swung to a loss in its fourth quarter  and said it would cut costs and capital spending.   

  • Specialty footwear giant to shutter hundreds of stores amid Chapter 11 filing

    Payless ShoeSource filed for Chapter 11 bankruptcy protection amid growing competition from off-price retailers and online.

    The retailer, which has some  4,400 locations in more than 30 countries, plans to immediately close nearly 400 stores in the United States and Puerto Rico as it attempts to boost its balance sheet and restructure its debt load.

  • Amazon bets on fuel-cell technology

    Amazon will deploy a high-tech, green solution to help power its warehouses.     In a move to increase the energy efficiency of its sprawing network of fulfillment centers, Amazon has entered into a partnership with hydrogen fuel-cell maker Plug Power to deploy Plug Power fuel cells and hydrogen technology in its fulfillment network.    The deal includes an investment option that gives Amazon the right to acquire up to a 23% stake of the fuel-cell maker.  

  • Walgreens confident about Rite Aid deal

    Walgreens is still confident in its ability to close the Rite Aid transaction, but will force the issue if it comes to that, Stefano Pessina, executive vice chairman and CEO Walgreens Boots Alliance, told analysts Wednesday morning.  

  • Walgreens posted mixed Q2 results

    Despite gains in prescription marketshare and comparable pharmacy sales across its U.S. base, Walgreens Boots Alliance missed analyst expectations for its second quarter. 

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