FINANCE

Academy Sports and Outdoors sets IPO terms

Academy Sports and Outdoors is looking to raise $250 million for its initial public offering.

Rite Aid Q2 loss narrows, sales top Street; gives upbeat forecast

Rite Aid Corp. narrowed its quarterly loss as sales continued to rise during the pandemic.

Survey: 50% of retailers received some form of rent relief from landlords

Compromises between retailers and their landlords on outstanding rent obligations has been crucial to many retailers’ survival during the pandemic.

It’Sugar files for bankruptcy as rent default notices pile up

Even the nation’s largest candy store retailer isn’t immune to the pandemic.

Holiday sales to rise 1.0% to 2.6% but over a longer period than in years past

The traditional November to December holiday shopping season is meaningless this year — and perhaps forever.

Survey: Consumers will shop online more, spend less for the holidays

A survey indicates e-commerce retailers have a chance for a profitable holiday season — if they provide the right reasons to shop them.

Tiffany gets speedy trial date in suit against LVMH

Tiffany & Co.'s lawsuit against LVMH for trying to back out of its $16 billion deal to acquire the U.S. jeweler has been given the fast track by a Delaware Chancery Court justice.

Oracle, Walmart receive tentative U.S. approval for TikTok deal

Walmart is bringing its omnichannel retail capabilities to TikTok.

Walmart extends credit to Marketplace sellers

Eligible retailers who participate in Walmart Marketplace will be invited to apply for lines of credit offered by Goldman Sachs.

Ann Taylor parent sells Catherines for $40.8 million

Ascena Retail Group Inc., whose banners include Ann Taylor, Loft and Lane Bryant, is selling its plus-size Catherines brand for more than double what it was originally offered.

Century 21 going out of business

The pandemic has taken down a pioneer of off-price retailing and an iconic New York retail institution.

Confirmed: J.C. Penney in $1.75 billion deal to sell retail and operating assets

J.C. Penney Company is seeing light at the end of the tunnel with the help of two biggest landlords.

Kohl's to cut 15% of corporate workforce

Kohl's Corp. is eliminating corporate jobs to cut costs.

GNC cancels bankruptcy auction; to be acquired by Chinese investor

GNC Holdings Inc. has moved to sell itself to its largest shareholder.

Simon and Brookfield reportedly in $800 million deal to acquire J.C. Penney

Two mall owners have come to the rescue of embattled J.C. Penney.

Deloitte: Holiday sales to inch up 1% to 1.5% amid ‘unparalleled uncertainty’

Holiday sales growth this year will largely depend on how much wealthy households splurge and how a range of different pandemic-related factors play out.