News

In blow to Walmart, antitrust objections threaten Asda’s takeover by Sainsbury’s
The proposed acquisition of Walmart-owned Asda by Sainsbury’s — a deal that would create the U.K.’s biggest grocery chain — has received a major blow.
Commentary: Bankruptcy can provide landlords a safe harbor from retail storm
Sears may be the largest retailer to file for bankruptcy protection, but it is certainly not alone.

CVS Health swings to Q4 loss but still beats Street; forecast disappoints

CVS Health reported mixed results for its fourth quarter and issued a disappointing profit forecast for 2019 as it warned of “headwinds” that need to be addressed.
The 10 most innovative companies in retail are…

An online upstart that uses a mix of algorithmic and human curation to deliver boxes of clothing with the correct fit tops Fast Company’s annual ranking of the 10 most innovative retail companies.
Payless gets OK for wind-down of stores

A U.S. Bankruptcy Court has approved Payless ShoeSource’s first day motions related to its Chapter 11 bankruptcy filing.
Walmart crushes estimates with blowout holiday quarter

Walmart blew past expectations for its fourth quarter amid strong U.S. same-store sales growth and surging online sales, posting its best holiday quarter in years.
Regulatory Wrap-Up: Weekly review of retail-related legislative developments-Feb. 18

New York City council is considering legislation that would prohibit arbitrary termination and also prohibit employers from cutting a worker’s hours.
American Eagle Outfitters to expand in Europe

American Eagle Outfitters is spreading its wings.
Payless files for bankruptcy, to close all 2,500 stores across North America

A longtime mall mainstay will soon disappear Payless ShoeSource begins to shut down its entire North American operation.
Charlotte Russe stores still open, but for how long?

Charlotte Russe Holdings Corp. is hoping a buyer will emerge but, if not, it is preparing for a possible liquidation — and sooner rather than later.