Financial News

Investors Propose to Take Macy’s Private with $5.8 Billion Buyout Bid

An investor group composed of real estate investment firm Arkhouse Management and asset manager Brigade Capital have submitted a $5.8 billion bid…

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,…

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…

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…

Walgreens Agrees to $192.5 Million Settlement with Shareholders over Failed Rite Aid Merger

Just three weeks before it was set to go to trial, Walgreens Boots Alliance (WBA) has agreed to pay $192.5 million to…

Rite Aid Names New CEO as it Officially Enters Bankruptcy

Update 10/19/23 — Rite Aid plans to close 154 underperforming stores as part of its bankruptcy, according to new court filings, much…

UPDATE: Party City Emerges from Bankruptcy with Most Stores Intact

Editor’s note: This story was originally published on Sept. 7, 2023. Update from Oct. 13, 2023 — Party City has officially emerged…

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Financial News

Investors Propose to Take Macy’s Private with $5.8 Billion Buyout Bid

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

Record Cyber Monday Sales Carry Glad Tidings for the Season

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

Walgreens Agrees to $192.5 Million Settlement with Shareholders over Failed Rite Aid Merger

Rite Aid Names New CEO as it Officially Enters Bankruptcy

UPDATE: Party City Emerges from Bankruptcy with Most Stores Intact

Preparing for Global Expansion: 6 Must-Haves for Tax Compliance Success

5 Essential Tax Truths for Growing Midmarket Companies

The Agentic Engine Powering Profit-Driven Merchandising

6 Essential Tips for Social Commerce for Tax, Finance, and IT Leaders

AI at a Crossroads: Leadership, Ethics, and ROI

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