Financial News

Macy’s Ends Buyout Talks with Arkhouse, Brigade; Looks Ahead to Company’s ‘Bold New Chapter’

Macy’s board of directors has unanimously agreed to terminate buyout discussions with Arkhouse Management and Brigade Capital Management following months of negotiations…

Costco to Boost Membership Fees for First Time Since 2017

Costco will raise its annual membership fees, one of its primary sources of revenue, for the first time in over six years….

Shein Commits €250 Million to Circularity Efforts in UK, Europe Amid London IPO Push

Shein may be hoping to grease the wheels of its latest IPO effort in London with newly announced plans to invest €250…

Target Rips Up Paper Checks as Payment Method

Citing “extremely low volumes” of customers using personal checks, Target will stop accepting checks for in-store payments on July 15, 2024, as…

UPDATE: Bankruptcy Judge Approves Rite Aid Restructuring Plan to Cut $2 Billion in Debt

[Update as of July 2, 2024] U.S. Bankruptcy Judge Michael Kaplan has approved a restructuring plan for Rite Aid that would cut…

UPDATE: Mexican Merchant Gonher Buys Sam Ash for $15M

[Update as of June 28, 2024] Sam Ash has selected a winning bidder in its bankruptcy auction: Mexican retailer Gonher Music Center. Gonher…

Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures

Walgreens Boots Alliance (WBA) has cut its profit forecast for fiscal 2024 and plans to close “a significant number of underperforming stores,”…

$30 Billion Swipe Fee Settlement in Jeopardy After Judge’s Ruling

The proposed $30 billion settlement of the Visa/Mastercard swipe fee litigation, which has been going on for nearly two decades, may still…

UPDATE: Amazon Aggregator and Former ‘Unicorn’ Thrasio Exits Bankruptcy, Names New CEO

[Update as of June 26, 2024] Amazon aggregator Thrasio has emerged from bankruptcy a little over three months after filing for Chapter…

Under Armour Settles Accounting Practices Suit for $434 Million

Under Armour will pay $434 million to members of a class action lawsuit who bought the company’s stock between Sept. 16, 2015…

UPDATE: Shein Files to go Public in London as U.S. IPO Flounders

[Update as of 6/24/2024] Shein has confidentially filed for an IPO in London, as its pursuit of a public listing in the…

After Declining Amex, Ebay to Begin Accepting Venmo

Ebay has drawn a line in the sand when it comes to payments. After very publicly announcing last week that it would…

The Retail Innovation Conference & Expo explores the evolving customer journey and how technology enables the convergence of content, community and commerce.

Financial News

Macy’s Ends Buyout Talks with Arkhouse, Brigade; Looks Ahead to Company’s ‘Bold New Chapter’

Costco to Boost Membership Fees for First Time Since 2017

Shein Commits €250 Million to Circularity Efforts in UK, Europe Amid London IPO Push

Target Rips Up Paper Checks as Payment Method

UPDATE: Bankruptcy Judge Approves Rite Aid Restructuring Plan to Cut $2 Billion in Debt

UPDATE: Mexican Merchant Gonher Buys Sam Ash for $15M

Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures

$30 Billion Swipe Fee Settlement in Jeopardy After Judge’s Ruling

UPDATE: Amazon Aggregator and Former ‘Unicorn’ Thrasio Exits Bankruptcy, Names New CEO

Under Armour Settles Accounting Practices Suit for $434 Million

UPDATE: Shein Files to go Public in London as U.S. IPO Flounders

After Declining Amex, Ebay to Begin Accepting Venmo

On the Verge: Embracing Gaming Communities to Drive Commerce

The Power of Unified, All-in-One Retail Platforms to Unlock Operational Efficiency and Better Business Outcomes

Retail Giants in 2024: Walmart, Costco and Target’s Competitive Edge

Prices Top Priority Lists for 46.1% of Back-to-School Shoppers

The Retailer’s Ultimate Guide to CTV Performance Measurement

FUTR North America

Groceryshop

Shoptalk Fall

Access The Media Kit

Interests:

Access Our Editorial Calendar