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Destination Maternity plans bankruptcy that could come within weeks
News 2 days ago
Destination Maternity plans bankruptcy that could come within weeks

Destination Maternity, a leading retailer of maternity wear, is planning a bankruptcy filing that could come as soon as the next few weeks, as it...

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Barneys could launch more stores inside Saks in Authentic Brands deal
News 5 days ago
Barneys could launch more stores inside Saks in Authentic Brands deal

If the company trying to buy Barneys New York gets its way, there could be many more Barneys popping up inside Saks stores in the near future....

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There are more than 600,000 millennial millionaires in the US, according to report
News 1 week ago
There are more than 600,000 millennial millionaires in the US, according to report

There are 618,000 millennial millionaires in the U. S. and their wealth is only expected to grow. Millennials are expected to be five times...

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Hudson Yards was seen as a trial for the mall of the future. Here's how it's going so far
News 1 week ago
Hudson Yards was seen as a trial for the mall of the future. Here's how it's going so far

When the Hudson Yards megamall opened on the West Side of Manhattan roughly half a year ago, there were plenty of skeptics. And there still are....

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Low mortgage rates are giving Lowe's a boost, Piper Jaffray says in upgrading the stock
News 1 week ago
Low mortgage rates are giving Lowe's a boost, Piper Jaffray says in upgrading the stock

Piper Jaffray upgraded Lowe's to overweight from neutral, as the firm expects home improvement sales to see its largest growth since 2016 in the...

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Walmart will now put groceries right in your fridge, starting in 3 cities Tuesday
News 1 week ago
Walmart will now put groceries right in your fridge, starting in 3 cities Tuesday

Here's how the new InHome delivery service will work:To deliver groceries, Walmart is requiring employees to have at least a year of service with...

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Kroger gets a downgrade after the grocery store makes a mulityear mistake, Jefferies says
News 1 week ago
Kroger gets a downgrade after the grocery store makes a mulityear mistake, Jefferies says

Kroger was downgraded by Jefferies to hold from buy due to what they believe was a key mistake: investing in centralized fulfillment centers...

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Majority of Americans support impeachment inquiry into Trump, new NBC/WSJ poll says
News 2 weeks ago
Majority of Americans support impeachment inquiry into Trump, new NBC/WSJ poll says

Most Americans - including 1 in 5 Republicans - now back an impeachment inquiry or already believe Congress should remove President Donald Trump...

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What we might learn from Trump's tax returns — if they're released
News 2 weeks ago
What we might learn from Trump's tax returns — if they're released

President Donald Trump's personal and corporate tax returns could give the public an inside look at his finances - depending on which forms are...

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Google buys 40 acres of farmland in Silicon Valley so it can grow trees for its campuses
News 2 weeks ago
Google buys 40 acres of farmland in Silicon Valley so it can grow trees for its campuses

Google has purchased 40 more acres of land in Silicon Valley, but it's not to build more office space. The Alphabet-owned company spent $2.1...

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Former Nasdaq boss Robert Greifeld says we'll remember WeWork as when the 'unicorn' bubble burst
News 2 weeks ago
Former Nasdaq boss Robert Greifeld says we'll remember WeWork as when the 'unicorn' bubble burst

WeWork's aborted IPO may come to mark the end of the current "unicorn" bubble the way the scuttled merger between Yahoo and eBay signaled the start...

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Rent the Runway 'back to business as usual' after supply chain chaos
News 2 weeks ago
Rent the Runway 'back to business as usual' after supply chain chaos

Rent the Runway's business is back up and running "as usual," the company said in a statement on its website on Tuesday, following an uproar of...

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The US is adding jobs, but not in retail. The industry shed 11,400 jobs last month
News 2 weeks ago
The US is adding jobs, but not in retail. The industry shed 11,400 jobs last month

Even as unemployment in the U. S. has fallen to a new 50-year low, jobs continue to evaporate in retail. The U.S. government reported on Friday...

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Barneys finds $220 million bidder in bankruptcy court
News 2 weeks ago
Barneys finds $220 million bidder in bankruptcy court

A potential buyer is preparing a bid to take control of bankrupt luxury department store Barneys New York and help it stave off liquidation, the...

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Retail trade group sees holiday sales rising 3.8% to 4.2% this year, citing 'uncertainty over trade'
News 2 weeks ago
Retail trade group sees holiday sales rising 3.8% to 4.2% this year, citing 'uncertainty over trade'

Holiday retail sales in November and December - excluding automobiles, gasoline and restaurants - are expected to increase between 3.8% and 4.2%...

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The biggest mall owner in the US is going online
News 3 weeks ago
The biggest mall owner in the US is going online

The biggest mall owner in the U. S., Simon Property Group, is teaming with online shopping site Rue La La's parent company to launch a new kind of...

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WeWork property defaults may be next after failed IPO, says mega-developer Don Peebles
News 3 weeks ago
WeWork property defaults may be next after failed IPO, says mega-developer Don Peebles

WeWork could default on some of its real estate obligations as it struggles to raise fresh funding following the office-sharing firm's failed...

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Here's a map of the Forever 21 stores that could close by the end of the year
News 3 weeks ago
Here's a map of the Forever 21 stores that could close by the end of the year

Forever 21 on Tuesday released a list of the nearly 200 locations it could potentially close as part of its bankruptcy proceedings. When the...

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These small business owners grabbed this new 20% tax break
News 3 weeks ago
These small business owners grabbed this new 20% tax break

A tantalizing 20% tax break for business owners went into effect in 2018 - and more than 15 million taxpayers grabbed it. The qualified business...

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Forever 21 files for bankruptcy, plans to close most of its stores in Asia and Europe
News 3 weeks ago
Forever 21 files for bankruptcy, plans to close most of its stores in Asia and Europe

Apparel retailer Forever 21 said Sunday night it is filing for Chapter 11 bankruptcy protection. The fast-fashion retailer obtained $275 million in...

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Dick's Sporting Goods is turning to women to fuel its turnaround
News 3 weeks ago
Dick's Sporting Goods is turning to women to fuel its turnaround

CORAOPOLIS, Pa. - Dick's Sporting Goods might be best known as the place for a Little League Baseball coach to stop in for new gloves, a high...

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Target is the best name in retail and can survive a downturn, says Cowen
News 3 weeks ago
Target is the best name in retail and can survive a downturn, says Cowen

Target is the best retailer in this strong consumer economy, and it is prepared in the case of an economic downturn, according to Cowen. The firm...

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As store closures accelerate, Goldman Sachs says Amazon will reap the benefits
News 4 weeks ago
As store closures accelerate, Goldman Sachs says Amazon will reap the benefits

By the end of this year, 12,000 stores are projected to close, and Amazon stands to benefit, according to a Goldman Sachs analyst. The rate of...

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We Company CEO Neumann reportedly starts talks on his role at the WeWork parent
News 4 weeks ago
We Company CEO Neumann reportedly starts talks on his role at the WeWork parent

* The talks are said to include the possibility of giving up his title as chief executive at the U.S. office-sharing start-up. Were the talks with...

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Start-up Blend gives big banks `one tap' home loans to compete with Quicken's Rocket Mortgage
News 1 month ago
Start-up Blend gives big banks `one tap' home loans to compete with Quicken's Rocket Mortgage

Banks that have lost ground as Quicken Loans became the biggest U. S. mortgage lender can now fight back with help from a Silicon Valley start-up....

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Microsoft launches e-commerce tools as Amazon rivalry intensifies
News 1 month ago
Microsoft launches e-commerce tools as Amazon rivalry intensifies

Microsoft is rolling out technology to help retailers manage their business online, its latest effort to attract customers who are in a constant...

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'Capitalism needs to evolve': Businesses close and employees walk out for global climate strike
News 1 month ago
'Capitalism needs to evolve': Businesses close and employees walk out for global climate strike

As thousands of young people around the world begin filling up the streets on Friday for a day of climate protests, several brands and retailers...

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As Dress Barn and Chico's shutter stores, here's where women are shopping instead
News 1 month ago
As Dress Barn and Chico's shutter stores, here's where women are shopping instead

* Older women are also shifting spending to mass merchants and off-price retailers. A woman in her 50s or 60s looking to window-shop today might...

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People are lining up outside Apple stores around the world as the iPhone 11 goes on sale
News 1 month ago
People are lining up outside Apple stores around the world as the iPhone 11 goes on sale

Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new...

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Take a first look inside Apple's flagship Fifth Avenue Apple Store before it reopens on Friday
News 1 month ago
Take a first look inside Apple's flagship Fifth Avenue Apple Store before it reopens on Friday

The Fifth Avenue Apple Store, otherwise known as the "cube" located at 767 Fifth Avenue in New York, New York, reopens to the public on Friday,...

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