News

Ann Taylor parent sells Catherines for $40.8 million
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.
Leading U.S. economic index edges down in August
The economic recovery may be starting to lose steam.

Meijer shifts to contactless pharmacy management

A regional Midwestern discount chain is minimizing the spread of COVID-19 with a text-accessible pharmacy customer experience.
U.S. readies TikTok ban, status of Oracle-Walmart deal uncertain

The saga of whether TikTok will remain operational in the U.S. continues with the Trump administration announcing a Sept. 20 shutdown.
Target partners with local GC to rebuild damaged Minneapolis store in record time

Target Corp. isn’t wasting any time rebuilding its Lake Street store (in Minneapolis) that was heavily damaged in the riots following the death of George Floyd.
Ipsos: Consumer confidence on the rise

Consumers are regaining confidence in the economy.
NRF: Halloween spending to dip as many opt out of celebrations

The COVID-19 pandemic is putting a crimp in Americans’ Halloween plans.
Emerging from the pandemic, PREIT signs new tenants at six malls

Shopping centers and malls continue to work their ways out of the confines of COVID-19 with gains in traffic and new tenants coming on-stream.
Amazon makes first Climate Pledge Fund investments

Five sustainable technology companies are the initial recipients of distributions from a $2 billion venture investment program overseen by Amazon.
Online grocer Farmstead brings in-house delivery software to market

A San Francisco-based online grocer is making its proprietary Grocery OS on-demand delivery software available for other grocers to integrate nationwide.
CSA Exclusive: Thanksgiving store closures create e-commerce opportunity

An increasing number of big-name retailers are shuttering stores on Thanksgiving Day, but that doesn’t necessarily mean they will be losing sales.
Walmart Health expanding into new markets; partners to speed up construction

Walmart is expanding its one-year-old freestanding health care format beyond its initial home base.