retailers
Latest major retailer files for bankruptcy, company blames high inflation
Big Lots, which sells furniture, home decor and other items, said in a statement that high inflation and interest rates have hurt its business as consumers have pulled back on their home and seasonal...
Struggling retailer preparing bankruptcy filing, will sell stores: report
Big Lots, a retailer operating around 1,400 stores and employing over 30,000 workers, has been grappling with declining sales over the past few quarters, putting pressure on its balance sheet.
Sephora polishing up plans to open new store near High Line: sources
The cosmetics juggernaut just nailed down a 6,200 square-foot store to open next year at Brookfield Properties’ Manhattan West between Ninth and Tenth avenues, retail sources said.
Dollar Tree stock falls 20% after cutting forecasts amid stubborn inflation
Shares of Dollar Tree were trading at around $65 a share on Wednesday -- the lowest in more than four years.
L'Oréal cosmetics heiress dethroned as world's richest woman — here's the new queen
The new queen has jumped ahead of Bettencourt Meyers, whose net worth was pegged at $89.9 billion by Bloomberg.
Dollar General shares plummet as Walmart, Target take bite out of profit
"To regain foot traffic, Dollar General will likely need to cut prices and increase promotions," an analyst with CFRA Research said.
Lowe's becomes latest company to end DEI policies amid growing backlash
The company will not be sponsoring or participating in community events such as parades, festivals, or fairs and might also make additional changes to the policies over time, according to...
Peloton shares soar 28% after major revamp ends two-year sales slump
Earlier this year, Peloton unveiled a broad restructuring plan that included cutting global headcount by 15%, closing more retail outlets and changing its international sale plan.
Walmart adds new perks with Burger King partnership — here's how to get a free Whopper
Walmart's members can avail discounts at Burger King, including 25% off on any digital order every day, the company said.
Target CEO hits back on Harris' 'price-gouging' claims: 'We're in a penny business'
The Target boss said there is no room for price gouging in a sector as competitive as retail.
Target sales surge in latest sign that shoppers are flocking to low-cost retailers
The big box retailer raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
Lowe's follows rival Home Depot with dismal profit forecast: 'People aren't moving'
Tepid demand for do-it-yourself projects, which account for more than half of Lowe's sales, led to Q2 same-store sales missing analysts' estimates.
Estee Lauder's longtime CEO to retire as weak demand roils beauty market
Fabrizio Freda's departure comes just a month after Chief Financial Officer Tracey Travis said she would step down after a 12-year stint.
7-Eleven target of $31B takeover bid from owner of Circle K stores
While the outcome of the bid is uncertain, news of it sent shares of Seven & i surging by almost 23%, valuing the retailer at around $38 billion.
Costco cracking down on non-members taking advantage of deals — here's how
Will Costco become the strictest members-only club ever?
Iconic discount retailer plans to close hundreds of stores as persistent inflation keeps customers away
Big Lots informed the SEC that the amended terms of a loan agreement include a reduced credit limit and higher interest rates on its credit line.
Amazon shares sink despite 19% growth in cloud business revenues
Amazon's focus on successes in its AWS cloud computing did not cheer investors who sent shares of the Seattle-based company down more than 6% in extended trading.
Costco brings back beloved treat -- and it's a bargain
The Robinhood Meetinghouse Cream Cheese Biscuits come frozen in a pack of 24, are made with real butter, contain no artificial flavors, and retail for just shy of $9.
Big box retailers peddle Halloween products in July — the earliest ever — amid 'Summerween' craze
Home Depot began marketing holiday décor such as 12-foot skeletons back in April.
Costco making changes that could impact your next trip: 'Real opportunity'
Costco is looking toward technology to improve the customer experience at its brick-and-mortar and online stores without significantly changing the retail giant’s business strategy, the company’s CFO said.