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FINANCE

Coverage and analysis on finance news, including quarterly results, general retail sales and bankruptcy filings, for the retail channel brought to you by Chain Store Age.

Walgreens storefront

Private equity firm reportedly makes offer to acquire Walgreens

The rumors that Walgreens Boots Alliance may be going private are heating up.

Advance Auto Parts

Advance Auto Parts’ Q3 earnings, sales, top Street

Advance Auto Parts delivered its sixth straight quarter of new sales growth in its third quarter.

holiday shoppers

Expect ‘roller-coaster’ holiday shopping season, advises NPD

Retailers shouldn’t take anything for granted this holiday season. 

Maurices

Maurices comes out of gate strong under new owners

Maurices announced its first financial results since it sold by Ascena Retail Group.

Sugarfina

Upscale candy retailer Sugarfina acquired

A private equity firm has acquired the assets of bankrupt Sugarfina.

old navy

Spin-off of Old Navy in doubt amid sudden departure of Gap CEO

The very abrupt ouster of Gap Inc. CEO Art Peck has raised questions about the company’s future plans.

Ruth Hartman

Done Deal: Le Tote completes Lord & Taylor acquisition; names new president

There’s a new person at the top of Lord & Taylor.

Party City

Party City's Q3 loss widens, sales; slashes outlook on weak Halloween sales

Party City Holdco Inc. is not in party mood as the retailer cut its full-year outlook amid weak third-quarter and October sales. 

sears

Sears to close 96 more stores; gets cash lifeline

The parent company of Sears and Kmart is lowering the boom — again.

cvs

CVS Q3 earnings, sales beat estimates; to close 22 stores next year

CVS Health Corp. reported third-quarter revenue and earnings that beat expectations, boosted by its acquisition of insurance giant Aetna.

barneys

Even with liquidation sales, Barneys still expensive

There really aren’t any bargains to be found at Barneys New York — at least not yet. 

office depot

Office Depot Q3 earnings top Street; reviewing holding company reorg

Office Depot announced that it is reviewing the implementation of a holding company reorganization that is expected to be completed by the end of the first quarter of 2020. 

pier 1

Pier 1 gets new CEO — and more time from NYSE

Pier 1 Imports has tapped its finance head to do double duty.

David’s Bridal interior

David’s Bridal receives cash lifeline

David’s Bridal Inc. has reached a deal with its lenders that takes a big chunk out of its debt.

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