Financial News

Walmart Canada will Spend $1 Billion this year Supporting Ongoing Modernization Effort

Walmart Canada will invest nearly $1 billion this fiscal year (which ends Jan. 31, 2024) as part of its multi-year modernization plan,…

Rite Aid to Shutter 31 Additional Stores as Part of Restructuring

Rite Aid plans to close an additional 31 stores across 12 states as part of its bankruptcy restructuring, multiple sources report. These…

Record Cyber Monday Sales Carry Glad Tidings for the Season

Consumer spending on Cyber Monday surpassed initial projections to reach $12.4 billion — both a 9.6% year-over-year increase and the biggest online shopping…

Shein Quietly Files for U.S. IPO

Fast fashion juggernaut Shein has confidentially filed to go public, multiple sources report. The IPO, which people familiar with the matter said…

Discounts Drive Record-Breaking Black Friday, Cyber Weekend Spending

As Cyber Monday sales continue to roll in, Cyber Week appears to have allayed retailers anxieties by delivering another year of record…

Walmart, TJX Provide a Few Bright Spots in Q3 Results

Several of the nation’s largest retailers, including Target, Macy’s, Gap and BJ’s Wholesale Club, struggled during Q3, with all reporting net sales…

Alibaba Cancels Cloud Group Spinoff, Blames U.S. Chip Export Restrictions

Alibaba Group has nixed plans to spin off its Cloud Intelligence Group as a separate company, citing recently expanded U.S. export controls…

Strong Coach Results Help Parent Company Tapestry Achieve $1.5B in Q1 Revenue

Despite rumblings of a spending slowdown in the luxury market, Tapestry announced a record fiscal Q1, which ended Sept. 30, 2023. The…

Vans, North Face Owner VF Corp Launches Transformation Strategy Following Investor Pressure

VF Corp, parent company of brands including The North Face, Vans, Timberland and Supreme, has unveiled its “Reinvent” transformation strategy after another…

Amazon Adds BNPL Option for Business Customers

Amazon Business has added a pay-over-time option for B2B customers via an expansion of its partnership with BNPL provider Affirm. Amazon Business…

Z Gallerie Files for Bankruptcy Again, Looks for Buyer

Z Gallerie has filed for bankruptcy due to “severe liquidity constraints” resulting from “underperforming retail stores, adverse macroeconomic trends and industry-specific headwinds,”…

Hello Bello Files for Bankruptcy, will be Acquired by Private Equity Firm

After about five years in business, baby and family care brand Hello Bello has voluntarily filed for Chapter 11. Despite the hype…

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Financial News

Walmart Canada will Spend $1 Billion this year Supporting Ongoing Modernization Effort

Rite Aid to Shutter 31 Additional Stores as Part of Restructuring

Record Cyber Monday Sales Carry Glad Tidings for the Season

Shein Quietly Files for U.S. IPO

Discounts Drive Record-Breaking Black Friday, Cyber Weekend Spending

Walmart, TJX Provide a Few Bright Spots in Q3 Results

Alibaba Cancels Cloud Group Spinoff, Blames U.S. Chip Export Restrictions

Strong Coach Results Help Parent Company Tapestry Achieve $1.5B in Q1 Revenue

Vans, North Face Owner VF Corp Launches Transformation Strategy Following Investor Pressure

Amazon Adds BNPL Option for Business Customers

Z Gallerie Files for Bankruptcy Again, Looks for Buyer

Hello Bello Files for Bankruptcy, will be Acquired by Private Equity Firm

2024 Predictions Report: 15 Experts Reveal Top Tech & Trends

Ingredients for Holiday Marketing Magic: Agility, Creativity and Personalization

For 65% of Consumers, Companies’ Sustainability Profile Influences Purchase Decisions

Turn Payments into a CX Differentiator with BNPL, Digital Wallets and Better Orchestration

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