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Exclusive: J.C. Penney taps debt restructuring advisers - sources
News 2 days ago
Exclusive: J.C. Penney taps debt restructuring advisers - sources

The 117-year-old department store chain's move represents a high-stakes attempt to get its financial house in order before its cash coffers dwindle...

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Australian developer LendLease lands $15 billion project with Google; shares surge
News 3 days ago
Australian developer LendLease lands $15 billion project with Google; shares surge

The deal is a significant boon for LendLease, coming at a time when Australian developers navigate the domestic property market's worst downturn in...

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Australian property firm LendLease lands $15 billion deal with Google
News 3 days ago
Australian property firm LendLease lands $15 billion deal with Google

LendLease in a statement said it will jointly take up the master planning, entitlement and development of three major areas in the San Francisco...

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Strong U.S. retail sales boost economic outlook
News 5 days ago
Strong U.S. retail sales boost economic outlook

WASHINGTON (Reuters) - U. S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt...

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U.S. property trust Vornado challenges Arcadia's restructuring plan
News 5 days ago
U.S. property trust Vornado challenges Arcadia's restructuring plan

Arcadia said the challenges to the CVAs, which were approved in June by the majority of creditors, were "without merit" and it would defend itself...

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Exclusive: Barneys New York explores options that include bankruptcy - sources
News 1 week ago
Exclusive: Barneys New York explores options that include bankruptcy - sources

NEW YORK (Reuters) - U. S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it...

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Exclusive: Department store Barneys New York explores bankruptcy - sources
News 1 week ago
Exclusive: Department store Barneys New York explores bankruptcy - sources

NEW YORK (Reuters) - U. S. luxury department store Barneys New York Inc is exploring a bankruptcy filing as it struggles with high rents and...

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Superdry warns of long road to recovery as slashes store value
News 1 week ago
Superdry warns of long road to recovery as slashes store value

LONDON (Reuters) - The founder of Superdry (SDRY. L) warned the revival of the struggling British fashion group would be a long haul after a 130...

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UK markets watchdog proposes retail ban on crypto derivatives
News 2 weeks ago
UK markets watchdog proposes retail ban on crypto derivatives

LONDON (Reuters) - Britain's markets watchdog is proposing banning the sale of derivatives based on crypto-assets to retail consumers from early...

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Walmart to invest $1.2 billion in China to upgrade logistics
News 2 weeks ago
Walmart to invest $1.2 billion in China to upgrade logistics

BEIJING (Reuters) - Walmart Inc (WMT. N) plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the U...

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Amazon launches new in-store pickup option with Rite Aid as first partner
News 3 weeks ago
Amazon launches new in-store pickup option with Rite Aid as first partner

On Thursday, Amazon added another alternative for U. S. customers: Walk into a nearby retailer and pick up an Amazon package over the counter. The...

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Factbox: Alphabet unveils Toronto smart city master plan details
News 3 weeks ago
Factbox: Alphabet unveils Toronto smart city master plan details

Here are some facts on Sidewalk Toronto: The Quayside development is said to occupy 12 acres, the Villiers West taking up 19 acres, and the rest of...

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Amazon's new beauty store for professionals poses threat to beauty retailers
News 3 weeks ago
Amazon's new beauty store for professionals poses threat to beauty retailers

Amazon.com Inc on Monday unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians...

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Hudson's Bay's chairman's buyout bid pits retail versus real estate
News 4 weeks ago
Hudson's Bay's chairman's buyout bid pits retail versus real estate

Much of Hudson's Bay's value is locked up in its real estate. Were the company to sell off some of its properties to raise cash, it could fetch...

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Sparkly unicorn ice cream: Kroger’s bid to win grocery wars
News 1 month ago
Sparkly unicorn ice cream: Kroger’s bid to win grocery wars

BERLIN/CHICAGO (Reuters) - Kroger Co has room to improve on sales and is looking to its Deluxe Unicorn Swirl ice cream and other store-brand...

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Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services
News 1 month ago
Data 'R' Us: Alibaba, JD.com seek to lock in merchant loyalty with new services

BEIJING/HANGZHOU, China (Reuters) - In China, the sales maxim of 'know your customer' is being taken to new lengths. One of the first firms to join...

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Britain's Tesco says no timetable for 'finest' store launch
News 1 month ago
Britain's Tesco says no timetable for 'finest' store launch

LONDON (Reuters) - Tesco, Britain's biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest'...

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Air Lease signs long-term lease placements for four Airbus jets
News 1 month ago
Air Lease signs long-term lease placements for four Airbus jets

PARIS (Reuters) - Air Lease Corporation said on Tuesday it had signed long-term lease placements for two new Airbus A320neo and two Airbus A321neo...

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U.S. retail sales rise solidly in May; April data revised up
News 1 month ago
U.S. retail sales rise solidly in May; April data revised up

WASHINGTON (Reuters) - U. S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer...

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Solid U.S. retail sales offer economy some respite
News 1 month ago
Solid U.S. retail sales offer economy some respite

WASHINGTON (Reuters) - U. S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer...

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Strong U.S. retail sales improve economy's fortunes
News 1 month ago
Strong U.S. retail sales improve economy's fortunes

WASHINGTON (Reuters) - U. S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer...

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Philip Green's Arcadia faces key vote as administration looms
News 1 month ago
Philip Green's Arcadia faces key vote as administration looms

LONDON (Reuters) - Creditors will decide the fate of Philip Green's Arcadia group and its 18,000 workers at a vote on Wednesday on a sweetened...

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Exclusive: FedEx to hire 700 flexible rural and residential drivers
News 1 month ago
Exclusive: FedEx to hire 700 flexible rural and residential drivers

LOS ANGELES (Reuters) - FedEx Corp said it plans to hire about 700 flexible, part-time Express drivers in 160 U. S. residential and rural markets...

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BMW and Jaguar Land Rover to jointly develop electric car parts
News 1 month ago
BMW and Jaguar Land Rover to jointly develop electric car parts

FRANKFURT (Reuters) - BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics,...

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BMW and Jaguar Land Rover to jointly develop electric car components
News 1 month ago
BMW and Jaguar Land Rover to jointly develop electric car components

FRANKFURT (Reuters) - BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics,...

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CVS to expand health hubs to 1,500 stores by end of 2021
News 1 month ago
CVS to expand health hubs to 1,500 stores by end of 2021

NEW YORK (Reuters) - CVS Health Corp said it will offer expanded health services such as nutrition counseling and blood pressure screenings in 1...

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Walmart appoints new head for its startup incubator Store No. 8
News 1 month ago
Walmart appoints new head for its startup incubator Store No. 8

WASHINGTON (Reuters) - Walmart Inc said on Monday it has hired Scott Eckert to run its investment arm and startup incubator, Store No. 8, whose aim...

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How tariff hikes are squeezing the U.S. furniture business
News 1 month ago
How tariff hikes are squeezing the U.S. furniture business

LOS ANGELES/CHICAGO (Reuters) - After President Donald Trump announced higher tariffs on Chinese imports earlier this month, Francis O'Brien...

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Juul considers opening retail stores in United States: source
News 1 month ago
Juul considers opening retail stores in United States: source

The company has not made a final decision on the stores, which would only admit people aged 21 and above, the source added, asking not to be named...

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India's jobs deficit: Project in Gujarat struggling to create employment
News 1 month ago
India's jobs deficit: Project in Gujarat struggling to create employment

GANDHINAGAR, India (Reuters) - When he was chief minister of Gujarat in 2011, Indian Prime Minister Narendra Modi kicked off an ambitious project...

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