News

Tiffany & Co. to expand footprint in South Asia
Tiffany & Co. is expanding its focus on Asia by entering a new market.
More Sears, Kmart stores on chopping block — and others may follow
The bleeding isn’t over for Sears and Kmart.

Barneys lands new lenders for better financing

Barneys New York has secured new financing to continue operations as it looks for a white knight.
CVS slowing down store expansion

CVS Health Corp. posted strong second-quarter earnings that easily beat Street estimates and raised its earnings forecast as it starts to reap the benefits of its acquisition of health insurer Aetna Inc.
Group warns that new tariffs on tech goods would carry a high cost

The consumer technology industry is sounding the alarm about the Trump administration’s plans to impose new 10% tariffs on imported Chinese products.
Walgreens to close 200 U.S. stores

Walgreens Boots Alliance is reducing its footprint in the United States by about 3%.
Analysis: CVS held back by underinvestment in stores, lack of flair in retail ops

CVS has posted very strong overall revenue growth, mostly thanks to the acquisition of Aetna.
Men’s Wearhouse bolsters exec team with three new hires

Tailored Brands has appointed three retail veterans to help drive growth at its Men’s Wearhouse division in the U.S. and Moores Clothing for Men unit in Canada.
Nike’s latest acquisition is a company whose co-founders are on staff at MIT

Nike is ramping up its ability to anticipate consumer needs by buying a company that uses data to predict customer behavior.
Analysis: Experts weigh in on Barneys’ bankruptcy filing

The $75 million loan that Barneys seeks approval of from Gordon brothers and Hilco comes at a high interest rate with generous fees.