FINANCE

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Smart & Final to be acquired by Mexican retailer in $620 million deal

Grupo Comercial Chedraui, the third largest retailer in Mexico, is expanding its footprint in the U.S. grocery space.
Walmart adds virtual fitting room amid growing fashion push

Walmart is extending its push into fashion as it looks to enhance the customer shopping experience of buying clothes online.

At Home acquired for $2.8 billion

At Home Group Inc. is going private.
Dillard’s back in the black; doubles capital spending

Dillard’s started off its fiscal year on a positive note.
Ralph Lauren to sell Club Monaco to private equity firm

Ralph Lauren Corp. is selling Club Monaco as part of its turnaround strategy to focus on its core namesake brands.
Core retail sales stall in April but are up 28.8% year-over-year

Retail sales in the United States unexpectedly stalled in April as consumers pulled back in certain categories following a sharp increase in March.
Salesforce: E-commerce will stay elevated post-pandemic

Consumers plan to make fewer online purchases once COVID-19 has passed, but will still buy online more than they did before the pandemic.
McDonald’s raising hourly pay in company-owned restaurants amid tight labor market

McDonald’s Corp. is feeling the labor crunch.
L Brands spinning off Victoria’s Secret, Bath & Body Works into two companies

L Brands has opted to spin off Victoria’s Secret rather than sell it.
Gap Inc. to resume stock buybacks

Gap Inc. is resuming the share buybacks that it had suspended in March 2020 at the outset of the pandemic.
Saks.com gets new financing to fuel growth

Sak.com is looking to capitalize on economic recovery and drive growth through a new round of financing.
Paper Source to be acquired by Barnes & Noble parent company

A British private equity firm is making another U.S. acquisition.
Amazon issues $1 billion sustainability bond

Amazon is backing up its environmental initiatives with a new $1 billion bond focused on funding projects in five key sustainability areas.
Eddie Bauer acquired

Authentic Brands Group and the SPARC Group keep expanding their portfolios.
Office Depot parent to split into two companies as Staples pursues acquisition

Staples’ years-long pursuit of Office Depot may be inching closer to becoming a reality.
Brookfield gives three malls back to banks

As part of a $6.5 billion deal that will make it a private company, Brookfield Property Partners returned three malls to their creditors, according to a report from KCP Research.
Maui’s largest mall struggles to survive

Queen Ka’ahumanu Center, the largest mall on the Hawaiian island of Maui for 50 years, may be facing its demise.
Walmart to acquire telehealth provider MeMD in new front against Amazon

Walmart continues to dive deeper into health care.
Puttshack looks to expand with new financing

An entertainment concept that combines tech-infused mini-golf with food and drink is set to grow at “a rapid pace.”
Gap Inc. in deal to sell Intermix

Gap Inc. continues to streamline its brand portfolio to focus on its core banners.
Exclusive Q&A: Brick-and-mortar future looks bright, but different

Brick-and-mortar retailers who make the necessary adjustments across their omnichannel enterprise can thrive post-pandemic.
Mastercard: April retail sales up 23.3%; trends indicate recovering economy

Restaurant sector posts second straight month of growth
Study: Amazon to overtake Walmart as largest U.S. retailer by 2025; Kroger #3

Amazon is on track to become the largest retailer in the United States within the next four years, followed by Walmart and Kroger.
Amazon smashes earnings expectations amid 44% sales increase

Amazon on Thursday reported its best first quarter ever as its earnings more than tripled over a year ago.
Party City narrows loss, gives upbeat outlook

Party City Holdco reported a smaller-than-expected first-quarter loss and sales that beat estimates even as social gatherings remained constricted.
ModCloth acquired — again

A digitally native fashion brand once owned by Walmart has a new owner.

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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.