Seven & i Holdings announced a major restructuring as part of its effort to head off a $47 billion bid by Canada’s Alimentation Couche-Tard, whose holdings include Circle K and other convenience store chains.
It’s been a busy 48 hours as President Trump has issued, and in some cases temporarily delayed, sweeping tariffs which had spurred retaliation from the affected countries.
Victoria’s Secret & Co. reported a solid holiday quarter with better-than-expected earnings and sale, but — similar to most other retailers — it issued soft guidance for the current year.