FINANCE

Fred’s closing more stores

Fred’s is launching a new wave of store closures on the heels of plummeting sales in its fourth quarter.
Kroger in partnership to develop new consumer brands

The Kroger Co. is forming an incubator to develop next-gen consumer product brands.
Amex expands digital services with booking platform

American Express is looking to move beyond traditional offerings for its credit card holders.
Walmart reportedly ‘seriously considering’ IPO for Asda

Walmart is weighing a new option for its British supermarket division after its proposed merger with Sainsbury’s was blocked in April by U.K. regulators.
Retail sales slip in April as consumers rein in spending

U.S. retail sales unexpectedly fell in April as consumers cut back spending on clothes, appliances and other goods, both in stores and online.
Macy's Q1 earnings crush estimates; warns about tariffs

Macy’s Inc. got off to a solid start in its first quarter, with profit and same-store sales that easily topped Street estimates.
Online luggage brand packs on funding; to open 50 stores, expand product lineup

Away is soaring to new heights — with unicorn status.
Ralph Lauren Q4 earnings top Street amid global growth

Ralph Lauren Corp. reported better-than-expected top- and bottom-line growth in its fourth quarter as global growth helped make up for declining sales in North America.

Chico's rejects buyout offer from Sycamore Partners