Penney’s lenders to make bid for chainIt’s close to crunch time for embattled J.C. Penney. Walmart explains TikTok interest, may have wanted majority bid Walmart sees e-commerce and advertising potential in TikTok and reportedly sought to partner with Google in a purchase. Report: Walmart joins Microsoft TikTok bid Walmart is reportedly the latest player in the competition to purchase the U.S. business of the controversial Chinese social media platform TikTok. Target profits soar 80%, comp-sales jump 24.3% in record-setting quarter Target Corp. crushed all estimates for its second quarter as it posted skyrocketing profits and the strongest quarterly same-store sales growth in its history amid strong digital and store growth. Giant fast-food franchisee closing up to 300 Pizza Hut locations Rent the Runway to shut all stores permanently Rent the Runway is getting out of the freestanding brick-and-mortar business. Amazon’s bid to compete with Uber in U.K. approved British regulatory authorities have reportedly cleared Amazon’s purchase of a minority stake in an online U.K. food delivery startup. Plunge in retail rents continue on Fifth Avenue and other luxury shopping sites Average asking rents along 16 high-yield retail corridors in Manhattan were $688 per square foot during the quarter ending on June 30. Lord & Taylor files for bankruptcy; looking for new owner The country’s oldest department store retailer has joined the growing list of companies undone by COVID-19. Neiman Marcus to exit Hudson Yards Neiman Marcus is shuttering a location it opened amid much fanfare a little more than a year ago. First Previous 21 22 23 24 25 Next Last
