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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.

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.

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

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

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

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

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.

Walmart is bringing its omnichannel retail capabilities to TikTok.

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

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.

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

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

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

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

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

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. 

Five sustainable technology companies are the initial recipients of distributions from a $2 billion venture investment program overseen by Amazon.

The economic recovery may be starting to lose steam.

Consumer spending slowed in August as some federal relief measures, including the $600 weekly unemployment subsidy, ended in July. 

J.Crew Group has emerged from bankruptcy with its store portfolio mostly unchanged.

J.Jill has managed to avoid taking a trip bankruptcy court.

Neiman Marcus Group has received court approval of its Chapter 11 reorganization plan.

The biggest-ever deal in luxury retail is off — at least “as it stands” now.

GameStop puts more locations on its store closings list.

The Kroger Co. reported better-than-expected second-quarter earnings and sales amid surging digital growth.

Francesca's Holdings Corp. issued a “going concern’’ warning as it swung to a second-quarter loss amid a 29% decrease in sales.

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