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Federal trade commission sues to block $8.5 billion merger of Coach and Michael Kors
The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Ltd., saying that the deal would eliminate direct head-to-head competition between the fashion companies’ brands like Coach and Michael Kors in the so-called affordable luxury handbag arena.
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Express files for Chapter 11 bankruptcy protection, plans to close nearly 100 stores
The company said it planned to close 95 of its Express retail stores and all UpWest stores.
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Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint
Lululemon is shutting down its Washington distribution center and laying off 128 employees after it opened a massive new warehouse outside of Los Angeles.
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Dollar stores have fallen on hard times
The dollar store has been a shopping staple for many lower-income Americans, but lately it’s been a struggle.
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Crafts retailer Joann files for Chapter 11 bankruptcy protection
Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending.
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Ikea is cutting prices as inflation eases — and more could be on the way
Swedish retail giant IKEA has been cutting prices for some of its items as inflation eases and the cost of raw materials drop globally.
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Online retailer Zulily says it will go into liquidation, surprising customers
The U.S. ecommerce company Zulily says it is closing down, surprising customers, after efforts to salvage the business failed.
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Retailers are improving their delivery speeds, meaning good news for late holiday shoppers
Haven’t ordered any of your holiday gifts yet? Well, you might find solace in discovering some of America’s biggest retailers are working to increase their shipping speeds to please shoppers expecting faster and faster deliveries.
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Popeyes overtakes KFC as No. 2 chicken chain, but Chick-fil-A stays on top
Both Popeyes and KFC have lost market share to Chick-fil-A over the past year, according to Barclays research.
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Toys R Us is planning a brick-and-mortar comeback in the U.S., with up to 24 new flagship stores
Toy retailer Toys R Us plans to open as many as 24 brick-and-mortar flagship stores across the U.S., its parent company WHP Global announced Friday.
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Target to close 9 stores in major US cities, citing rise in retail theft and safety concerns
Target said it faced “fundamental challenges” to operate the stores safely — and the business performance at the locations slated for closure was unsustainable
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Victoria's Secret overhauls its racy fashion catwalk in its latest moves to be more inclusive
Victoria’s Secret has been trying to reverse its image built on a man’s vision of sexiness that eventually backfired.
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No more freebies: Companies crack down on customer perks and rewards
Companies from Dunkin’ to Delta, Netflix to Sephora are pulling back on freebies and perks as they chase higher margins.
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Teachers can now get a Sam's Club membership for just $20. Here's how
Sam’s Club is easing back-to-school shopping for teachers with its new membership deal.
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A list of stores staying open (and closed) on July 4th in 2023
Get your favorite nationwide retailer’s Independence Day hours in one spot.
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The Inform Act Just Took Effect — Here's How It Aims to Target Organized Retail Theft
The Inform Act, a bipartisan bill targeting organized retail theft that takes effect Tuesday, requires online marketplaces to disclose the identity of sellers.
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Christmas Tree Shops — the Beloved New England Chain —Files for Bankruptcy: Report
The Christmas Tree Shops — the beloved local retail chain — has filed for Chapter 11 bankruptcy, according to the Wall Street Journal. If you’ve lived in New England long enough, you know that Christmas Tree Shops is a staple. From kitchen gadgets, to outdoor furniture, toys and even food, the popular Middleboro-based store is reportedly in some financial trouble….
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Gap Will Cut More Than 500 Workers in Latest Layoffs, as Struggling Retailer Tries to Reduce Costs
Gap will lay off more than 500 employees in its latest round of job cuts as the apparel retailer looks to reduce costs and get back to profitability.
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Retailers Try to Curb Theft While Not Angering Shoppers
Across the retail landscape, businesses have been putting items under lock and key as a quick way to stop thieves.
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Bed Bath & Beyond Plans to Close 62 More Stores
The retailer will be closing more stores, in addition to the locations it announced it would close last September.