FINANCE

BCG: Sixty-seven percent of U.S. retail companies under ‘stress’
More than seven months into the novel coronavirus pandemic, a disturbingly large number of U.S. companies are at risk.
LVMH names new CEO for Tiffany as acquisition is completed
LVMH Moët Hennessy Louis Vuitton has completed its $15.8 billion acquisition of Tiffany & Co. and named a new leadership team to accelerate the growth of the iconic U.S. jeweler.

Walgreens Q1 sales, earnings top Street; maintains full-year profit forecast

Walgreens Boots Alliance Inc. reported fiscal first-quarter adjusted earnings and sales that beat the Street, fueled in part by better-than-expected pharmacy sales.
Victoria’s Secret parent reports robust holiday sales; offers upbeat guidance

L Brands reported holiday sales that beat its expectations, boosted by another strong performance from Bath & Body Works.
FreshDirect becomes Ahold Delhaize banner

A New York City-based online grocer is the newest member of Ahold Delhaize’s U.S. family.
Petco looks to raise nearly $700 million with IPO

Petco Health and Wellness has set the terms for its initial public offering.
Walgreens in $6.5 billion deal to sell pharmacy wholesale operation

Walgreens Boots Alliance is selling the majority of its pharmacy wholesale operation in a move to help it grow its core pharmacy and healthcare businesses.
Amazon creates affordable housing fund

Amazon is committing more than $2 billion to create over 20,000 affordable housing units in three different regions of the U.S.
Tiffany sparkles in holiday

Tiffany & Co. turned in a strong performance in November and December, setting a record for holiday net sales despite the pandemic.
Tuesday Morning exits Chapter 11 with reduced store footprint

Tuesday Morning has completed its financial and operational reorganization and emerged from bankruptcy protection.
New stimulus checks will boost retail sales, says NRF chief economist

Economic challenges brought on by the pandemic will continue in 2021, but the new stimulus legislation will help accelerate the nation’s ongoing recovery.
Parent company of Chuck E. Cheese sheds $705 in debt as it exits bankruptcy

CEC Entertainment has completed its financial restructuring and emerged from Chapter 11 bankruptcy protection.

BCG: Sixty-seven percent of U.S. retail companies under ‘stress’

LVMH names new CEO for Tiffany as acquisition is completed

Walgreens Q1 sales, earnings top Street; maintains full-year profit forecast

Victoria’s Secret parent reports robust holiday sales; offers upbeat guidance

FreshDirect becomes Ahold Delhaize banner

Petco looks to raise nearly $700 million with IPO

Walgreens in $6.5 billion deal to sell pharmacy wholesale operation

Amazon creates affordable housing fund

Tiffany sparkles in holiday

Tuesday Morning exits Chapter 11 with reduced store footprint

New stimulus checks will boost retail sales, says NRF chief economist

Parent company of Chuck E. Cheese sheds $705 in debt as it exits bankruptcy